Cryptocurrency xRapid Tumbles After Hitting New High

The third largest cryptocurrency is taking a dive on Monday morning trading.
According to market data, Ripple's xRapid is down almost 20-percent on the day.
Although XRP is only trading at $2.32, it is the third-largest digital currency by market valuation, with a market cap of $90 billion.
Although XRP had a good start to the year, it is down 38-percent over the last week.
Ripple has made some headlines in financial news since the late last year.
According to a recent report, the Asian subsidiary of Ripple started a consortium with a few Japanese credit card companies, seeking to adapt blockchain technology for credit transactions.

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