XRP Price Drops to $2.30 Amid Market Volatility

XRP, the cryptocurrency associated with Ripple, is currently trading at $2.3051 as of 17:18 (22:18 GMT) on the Investing.com Index. The digital asset experienced a notable 10.14% drop in value over the past 24 hours, marking its largest single-day percentage decline since February 24. This downward movement has pushed XRP's market capitalization to approximately $137.6929 billion, representing about 4.48% of the total cryptocurrency market cap.

In the past 24 hours, XRP has traded within a range of $2.2829 to $2.6028, reflecting heightened volatility. Over the past seven days, XRP has seen an 11.23% decline in value, with a 24-hour trading volume of $5.4566 billion, which accounts for 4.81% of the total volume across all cryptocurrencies.

For context, Bitcoin is currently priced at $93,137.7, with a market cap of $1,866.7189 billion, representing 60.71% of the total cryptocurrency market. Ethereum, the second-largest cryptocurrency by market cap, is trading at $2,565.26, with a market cap of $319.2263 billion, accounting for 10.38% of the total market value.

XRP's current price of $2.3051 is significantly below its all-time high of $3.40, reached on January 16, indicating a 32.11% decline from its peak. This recent downturn underscores the ongoing volatility and challenges in the cryptocurrency market.