XRP Sees Significant Price Drop Amidst Cryptocurrency Market Volatility
XRP Price Drop and Market Impact
XRP's price fell to $2.4759, representing a 10.07% decline in 24 hours, its steepest one-day drop since February 2. This downward movement reduced XRP's market cap to $143.75 billion, accounting for 4.49% of the total cryptocurrency market. The coin traded between $2.4759 and $2.5631 over the past day.
Weekly Performance and Volume
Over the past seven days, XRP has lost 19.1% of its value, with its price ranging from $1.8739 to $3.1544 during this period. In the last 24 hours, $13.45 billion worth of XRP was traded, representing 6.94% of the total cryptocurrency volume.
XRP's Current Standing
At its current price, XRP remains 27.08% below its all-time high of $3.40, achieved on January 16.
Broader Cryptocurrency Market Trends
Bitcoin and Ethereum also saw declines, with Bitcoin dropping 4.10% to $97,239.0 and Ethereum falling 5.15% to $2,706.49. Bitcoin's market cap dominated at $1.932.6649 billion (60.40% of the total market), while Ethereum's market cap stood at $327.6328 billion (10.24% of the total market).
The cryptocurrency market continues to experience volatility, with XRP's recent price drop reflecting broader market instability.
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