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XRP Faces Significant Market Drop Amid Cryptocurrency Volatility

Explore the recent market trends and performance of XRP in the cryptocurrency landscape, highlighting its notable price fluctuations and market cap changes.
Published on 2024-11-26

XRP Market Performance

XRP experienced a significant drop in trading value, marking a 10.30% decrease in a single day. This decline pushed its market capitalization down to $79.0368 billion, representing 2.47% of the entire cryptocurrency market cap. Despite this downturn, XRP had previously reached a market cap high of $84.0622 billion. Over the past 24 hours, XRP has fluctuated between $1.3619 and $1.4580.

Weekly Gains and Trading Volume

In the last week, XRP showcased a positive trend with a 26.89% increase in value. The trading volume over the past day amounted to $10.1941 billion, accounting for 4.17% of the total cryptocurrency trading volume. Throughout the week, XRP's price varied from $1.0584 to $1.6292. However, it remains 58.57% below its all-time high of $3.29, recorded on January 4, 2018.

Broader Cryptocurrency Market Trends

The cryptocurrency market experienced widespread volatility. Bitcoin's price fell by 5.35%, standing at $93,232.8. Meanwhile, Ethereum witnessed a 3.53% decrease, trading at $3,351.31. Bitcoin maintained a dominant market cap of $1,847.9658 billion, representing 57.71% of the total cryptocurrency market. Ethereum's market cap stood at $405.4455 billion, making up 12.66% of the market.

By understanding these trends, investors can better navigate the dynamic cryptocurrency market landscape.

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