XRP Price Plunge: Market Volatility Intensifies
XRP Price Performance
XRP fell sharply to $2.5090 on Monday, suffering a 10.28% daily loss, its steepest decline since March 3. This downward move reduced XRP’s market cap to $149.27 billion, representing 5.08% of the total cryptocurrency market. Despite the drop, XRP has still gained 4.22% over the past week, trading within a range of $1.9554 to $2.9676.
Market Context and Volume
XRP’s 24-hour trading volume reached $13.96 billion, accounting for 8.45% of the total crypto market volume. At its current price, XRP remains 26.11% below its all-time high of $3.40, recorded on January 16.
Broader Crypto Market Trends
Bitcoin and Ethereum also experienced significant declines, with Bitcoin dropping 4.93% to $87,745.1 and Ethereum falling 10.43% to $2,216.66. Bitcoin’s market cap dominated at $1.769 trillion (60.24% of the total crypto market), while Ethereum’s market cap stood at $271.46 billion (9.24% of the total).
The cryptocurrency market continues to exhibit high volatility, with major coins facing downward pressure. Investors remain cautious as they monitor these fluctuations and assess potential opportunities in this dynamic landscape.
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