XRP Price Plummets to $1.91 Amid Broader Crypto Market Downturn
XRP's Sharp Decline
XRP's price dropped significantly to $1.9171 on Sunday, marking a 10.18% decline, its largest one-day loss since April 6. This downturn reduced XRP's market cap to $113.1463B, representing 4.53% of the total cryptocurrency market. Over the past 24 hours, XRP fluctuated between $1.9169 and $2.1587. The token has also seen a 10.08% drop over the past week, trading between $1.9169 and $2.2234. Currently, XRP is 43.54% below its all-time high of $3.40, reached on January 16.
Broader Cryptocurrency Market Context
The cryptocurrency market experienced widespread losses, with Bitcoin and Ethereum also seeing significant drops. Bitcoin fell 5.86% to $78,319.0, while Ethereum declined 11.98% to $1,582.03. Bitcoin's market cap stood at $1,562.2286B, accounting for 62.51% of the total cryptocurrency market, whereas Ethereum's market cap was $191.0225B, representing 7.64% of the total market value.
The 24-hour trading volume for XRP was $4.2119B, making up 5.01% of the total cryptocurrency volume. This volatility highlights the current uncertain state of the cryptocurrency market, with major tokens experiencing significant price swings.
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