Ripple-backed firm faces $220 million paper loss as XRP slides [https://www.thestreet.com/.image/t_share/MjE4OTc2NjQ5NTA3NTE0MTky/silhouette-form-of-bear-on-technical-financial-graph-.jpg] Ripple-backed firm faces $220 million paper loss as XRP slides XRP loss has a Ripple-backed crypto treasury firm facing an unrealized loss worth millions of dollars. [https://www.thestreet.com/crypto/markets/ripple-backed-firm-faces-220-million-paper-loss-as-xrp-slides]