XRP Drops Over 10% in a Day, Extending Weekly Losses

XRP saw a sharp decline on Sunday, falling 10.28% to $2.1065 by 13:57 (17:57 GMT) on the Investing.com Index. This marks its steepest one-day drop since March 3, pushing its market cap down to $124.75 billion, or 4.62% of the total cryptocurrency market. At its peak, XRP's market cap stood at $190.39 billion.

Over the last 24 hours, XRP traded between $2.1059 and $2.3505. The past week has been rough for the token, plunging 27.14%. Trading volume in the last 24 hours reached $4.55 billion, accounting for 7.04% of total crypto trading activity. XRP has fluctuated between $2.1054 and $2.9436 in the past seven days and remains 37.96% below its all-time high of $3.40, set on January 16.

Elsewhere, Bitcoin slipped 4.26% to $82,277.7, while Ethereum dropped 8.26% to $2,017.53. Bitcoin’s market cap currently sits at $1.64 trillion, representing 60.62% of the total cryptocurrency market, while Ethereum holds a 9.10% share at $245.42 billion.

As the crypto market faces heightened volatility, investors remain cautious about potential further price swings.