XRP gains from the month of February were erased over the past two weeks as the altcoin returned to its late January price at $0.23 today. The majority of the losses appear to be caused by the massive correction in traditional markets, which caused a sharp downturn for Bitcoin and many altcoins.
As reported by Cointelegraph, analysts now view the correction as a major setback, raising doubts about the future of the long-awaited bull market.
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