SEC lawsuit triggers worst XRP selloff on record

XRP suffered its worst week in history after the SEC labelled the cryptocurrency a security in a lawsuit filed earlier this month.

Ripple Labs’ XRP fell 49% in the seven days ending December 28 — from $0.556 to $0.283.

The crash broke its previous weekly record by 4%, which occurred just after XRP’s $3.84 all-time high in late 2017.

[Read more: SEC vs. Ripple Labs — is XRP a security?]

So far, December is XRP’s worst month on record, having dropped 56%, a few points more than in January 2018.

XRP is however still the 4th biggest digital asset on the market. Messari values XRP at $10.24 billion, trailed by Litecoin with $8.82 billion.

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