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Cryptocurrency XRP Is in Free Fall With Exchanges Delisting Coin

  • XRP is down nearly 40% since being delisted by Coinbase
  • A slew of exchanges delisted the coin following SEC lawsuit

XRP continued its plunge after Coinbase became the latest U.S. crypto exchange to remove the world’s fourth-biggest coin in the wake of an SEC lawsuit against Ripple Labs Inc.

XRP tumbled 37% Tuesday, bringing its drop to 60% in the week since securities regulators accused Ripple of issuing more than $1 billion in unregistered tokens. Coinbase said Tuesday that it will fully suspend trading XRP on Jan. 19, but will continue providing custodial services for clients.