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XRP Price Plunges to 10.28% Daily Loss Amid Broader Crypto Market Downturn

XRP sees its largest one-day percentage loss since March 3, dropping 10.28% to $2.1065. Bitcoin and Ethereum also decline as the broader crypto market experiences a downturn.
Published on 2025-03-09

XRP Price Plunges to 10.28% Daily Loss Amid Broader Crypto Market Downturn

XRP experienced a significant decline on Sunday, trading at $2.1065 on the Investing.com Index by 13:57 (17:57 GMT). This marked a 10.28% drop, its largest one-day percentage loss since March 3. The downward move pushed XRP’s market cap to $124.7463B, representing 4.62% of the total cryptocurrency market cap. Previously, XRP had traded between $2.1059 and $2.3505 over the past 24 hours.

Over the past seven days, XRP has lost 27.14% of its value. Its 24-hour trading volume reached $4.5465B, accounting for 7.04% of the total cryptocurrency volume. XRP remains 37.96% below its all-time high of $3.40, recorded on January 16.

Bitcoin and Ethereum Follow Suit in Market Decline

Bitcoin fell to $82,277.7 on the Investing.com Index, marking a 4.26% daily drop. Its market cap stood at $1,635.0358B, comprising 60.62% of the total cryptocurrency market cap.

Ethereum also saw a decline, trading at $2,017.53 with an 8.26% loss on the day. Its market cap totaled $245.4178B, representing 9.10% of the total cryptocurrency market value.

The broader cryptocurrency market experienced a downturn, with major coins like XRP, Bitcoin, and Ethereum all posting significant losses. Investors are closely monitoring these developments as market volatility continues to impact asset prices.

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