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The four major risks to bitcoin which could send price CRASHING

XRP dropped from $1.26 to $1.05 during a frantic night of selling after markets were seemingly spooked by the week’s string of regulatory threats and cyber attacks.

Ripple is now on the road to recovery with the price at $1.15, reducing the percentage loss to nine percent from 17.

The cryptocoin’s market cap (total value of coins in circulation) stands now above $44 billion, however this price has fallen a long way from the $96 billion market cap on January 8, when Ripple’s price hit its $4 high.

However, if the short story around Ripple is of price volatility, the long story concerns increasing popularity with mainstream finance firms working in the money transfer space.

XRP made headlines earlier this month when remittance giant MoneyGram came knocking. That news has now been followed by news that Mercury FX and telecom provider IDT have also signed up.