CoinEfficiency

XRP Suffers Significant One-Day Loss

XRP experiences a notable decrease in value, impacting its market cap and overall cryptocurrency performance.
Published on 2023-11-14

XRP Market Performance

XRP experienced a significant decline, trading at $0.62437, marking a 12.34% drop in a single day. This was its largest one-day percentage loss since mid-August. The downward trend affected XRP's market cap, reducing it to $33.37650 billion, which is 2.47% of the entire cryptocurrency market cap. Previously, XRP's market cap peaked at $83.44071 billion.

Recent Trading Range and Trends

In the past 24 hours, XRP traded between $0.59744 and $0.67119. Over the last week, XRP's value decreased by 9.61%. Trading volume reached $4.03309 billion, representing 5.86% of the total trading volume of all cryptocurrencies. XRP's price range over the week was $0.5974 to $0.7478.

Long-Term Price Comparison

XRP remains substantially below its all-time high of $3.29, achieved on January 4, 2018, reflecting an 81.02% decrease from that peak.

Broader Cryptocurrency Market Context

In the wider cryptocurrency market, Bitcoin was priced at $35,408.1, witnessing a daily decrease of 3.91%. Ethereum traded at $1,987.09, experiencing a 5.38% loss. Bitcoin's market cap accounted for 50.95% of the global cryptocurrency market cap, totaling $689.82567 billion. Meanwhile, Ethereum's market cap comprised 17.56% of the market, amounting to $237.77922 billion.

By understanding these fluctuations, investors can better navigate the volatile cryptocurrency landscape and make informed decisions.

What is Coinefficiency?

Coinefficiency is your go-to platform for optimizing cryptocurrency trading, investments and strategies. We provide a comprehensive suite of tools to analyze market trends, monitor price movements, and execute effective trading strategies. Whether you're a seasoned trader or new to crypto, Coinefficiency helps you maximize your profits with data-driven insights.

Why Use Coinefficiency?

  • Advanced market analytics to identify trading opportunities.
  • Compare markets relative performance.
  • Understand market cycles over time. See market levels.
  • Compare buy-and-hold, portfolio rebalancing, Dollar-Cost-Averaging trading strategies.

With Coinefficiency, you can stay ahead of the market and execute efficient trading strategies effortlessly.

Get Started with Coinefficiency

Ready to optimize your crypto investments? Take control of your portfolio with cutting-edge tools designed for both beginners and experts.