Reddit rage as XRP price crashes 50% hours after hitting two-week highs By



Reddit rage as XRP price crashes 50% hours after hitting two-week highs

, the number-four cryptocurrency by market capitalization, crashed nearly 50% in under two hours on Feb. 1 as a trading frenzy backfired on new investors.

1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets and TradingView showed that extreme volatility set in for XRP/USD during Monday trading, hours after now-infamous Reddit group r/Wallstreetbets opted to buy the token en masse.

XRP daily sentiment score. Source: The Tie