XRP Plunges Over 10% in Sharp Market Decline

XRP tumbled 10.51% to $1.9390 by 20:39 (00:39 GMT) on Tuesday, marking its steepest one-day drop since March 3. The decline pushed its market cap down to $117.42 billion, representing 4.59% of the total cryptocurrency market. At its peak, XRP’s market cap stood at $190.39 billion.

Over the past 24 hours, XRP fluctuated between $1.9390 and $2.0480. The cryptocurrency has struggled over the last seven days, losing 15.82% of its value. Trading volume in the past day reached $7.97 billion, accounting for 5.58% of the total crypto market volume. In the past week, XRP ranged from $1.9390 to $2.6432. Despite recent movements, XRP remains 42.89% below its all-time high of $3.40, recorded on January 16.

The broader crypto market also saw losses. Bitcoin fell 5.33% to $76,950.7, while Ethereum dropped 10.85% to $1,815.65. Bitcoin’s market cap stood at $1.56 trillion, dominating 60.84% of the crypto market, while Ethereum’s market cap reached $225.30 billion, or 8.80% of total market value.

Cryptocurrency traders remain cautious as volatility grips the market. With XRP struggling and major assets like Bitcoin and Ethereum seeing sharp declines, investors are closely monitoring market trends.