XRP Sees Significant Decline Amid Broader Cryptocurrency Market Downturn
XRP's Recent Performance
XRP traded at $2.8191 as of Monday, reflecting a 10.01% drop, its largest single-day decline since December 18, 2024. This downward movement reduced XRP's market cap to $164.9373B, representing 4.89% of the total cryptocurrency market. Over the past 24 hours, XRP's price ranged from $2.8191 to $3.0183.
In the last seven days, XRP has lost 10.15% of its value. Its 24-hour trading volume stood at $6.5910B, accounting for 5.32% of the total cryptocurrency volume. Despite this, XRP remains 16.97% below its all-time high of $3.40, reached on January 16.
Broader Cryptocurrency Market Context
Bitcoin and Ethereum also saw significant declines. Bitcoin fell to $98,929.8, dropping 5.77%, while Ethereum decreased to $3,083.72, losing 7.74%. Bitcoin's market cap dominated at $1,960.2964B, or 58.08% of the total cryptocurrency market, while Ethereum's market cap was $371.6230B, or 11.01%.
Key Insights
The recent downturn highlights the volatility in the cryptocurrency market, with XRP, Bitcoin, and Ethereum all experiencing notable losses. Investors should remain vigilant, as market fluctuations continue to shape the landscape.
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