XRP Drops 10% in a Day, Bitcoin and Ethereum Follow Suit

XRP fell 10.01% to $2.0015 by 01:15 (06:15 GMT) on the Investing.com Index, marking its steepest one-day decline since February 24. The drop reduced XRP’s market cap to $116.14 billion, accounting for 4.41% of the total crypto market. At its peak, XRP’s market cap stood at $190.39 billion.

In the past 24 hours, XRP traded between $1.9970 and $2.1997. Over the last week, it has slumped 24.41%, fluctuating between $1.9970 and $2.6085. XRP remains down 41.05% from its all-time high of $3.40, set on January 16. Trading volume reached $6.63 billion in the past 24 hours, representing 4.36% of the total cryptocurrency market volume.

Bitcoin also saw losses, dropping 7.68% to $79,626.7, while Ethereum fell 10.04% to $2,113.26. Bitcoin's market cap stood at $1.58 trillion, making up 59.92% of the total crypto market, while Ethereum's market cap was $254.55 billion, representing 9.66% of the total value.

The recent downturn reflects ongoing market volatility, with investors closely monitoring price movements.