XRP Plummets to 10.11% Loss, Largest Daily Drop Since May 11
XRP's Sharp Decline
XRP fell sharply, trading at $0.42693, marking a 10.11% drop, its largest one-day loss since May 11. This downturn reduced its market cap to $21.52827B, representing 2.34% of the total cryptocurrency market.
Recent Volatility
XRP traded between $0.42693 and $0.45002 in the past 24 hours. Despite a 5.37% gain over the last seven days, it remains 87.02% below its all-time high of $3.29 set on January 4, 2018.
Broader Market Downturn
Bitcoin dropped 5.57% to $18,668.5, while Ethereum fell 6.36% to $1,280.55. Bitcoin's market cap stands at $361.52416B (39.35% of the total crypto market), and Ethereum's at $158.36040B (17.24%).
Market Insights
The significant drop in XRP and other major cryptocurrencies highlights the ongoing volatility in the crypto market. Investors should closely monitor these fluctuations as they assess their investment strategies.
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