XRP Declines 10% Amid Market Rout

XRP was trading at $0.5414 as of 17:59 (21:59 GMT) on Wednesday, experiencing a decline of 10.10% for the day. This marked the largest single-day percentage loss since April 13.

This drop led to a reduction in XRP’s market capitalization, which fell to $31.2462 billion, representing 1.48% of the total cryptocurrency market cap. At its peak, XRP’s market cap reached $83.4407 billion.

In the previous twenty-four hours, XRP traded between $0.5414 and $0.6064. Over the past week, the cryptocurrency has seen a decrease in value, with a total loss of 5.87%. The trading volume for XRP in the last twenty-four hours was $2.1546 billion, accounting for 2.30% of the overall cryptocurrency volume. In the past week, XRP fluctuated between $0.5414 and $0.6638.

Currently, XRP is down 83.54% from its all-time high of $3.29, which was recorded on January 4, 2018.

### Other Crypto Market Activity

Bitcoin was last observed at $60,866.7, reflecting a decline of 0.48% for the day.

Ethereum was trading at $2,381.32, down 3.73%.

Bitcoin’s market capitalization stood at approximately $1.2005 trillion, making up 56.78% of the total cryptocurrency market cap. Meanwhile, Ethereum’s market cap was about $285.0578 billion, accounting for 13.48% of the overall value of cryptocurrencies.