Ripple, one among the top 5 cryptos in the world has seen the end of its good days as it's faced with more losses than gains, even when the global market cap increased from $530.55 billion to $564.77 billion.
Sometime ago, it was said that some good quantity of it was bought by the owners in order to cause its scarcity, aiding the price increment but the reverse is now the case.
Does this punishment show any sign of bearish trend on the way?
Before I go into that, I'll like us to look at the coin market cap detailing of this token in 24 hours.
Market Cap
$20,502,516,477 USD
1,054,645 BTC
Volume (in 24h)
$10,213,141,884 USD
525,362 BTC
Circulating Supply
45,404,028,640 XRP
Total Supply
99,990,831,162 XRP
Max Supply
100,000,000,000 XRP
Does the max supply show any sign of tokens lock at all?
Looking at the trades done since the beginning of its bullish trend, you'll notice that it touched its highest price on 24th of November. Since then, Ripple has been dropping even when others were gaining.
On that very day, Ripple traded was about $38 million in USDT, the highest for the year.
See image below 
After that very week of success, Ripple became weak to fight for the bulls. The weakness became very serious on the 1st of December where it was last sold at $0.61. Since then, the price continued to crash down till what we have today.
See image below 
What could be the cause of this drop in price as today marks another heavy one of about -8.0%?
