XRP Falls 10% in Selloff

XRP was trading at $0.5000 at 20:56 (00:56 GMT) on Monday, experiencing a decline of 10.15% for the day. This marked the most significant one-day percentage drop since April 13.

As a result of the downturn, XRP’s market capitalization fell to $28.6892 billion, accounting for 1.42% of the total cryptocurrency market cap. At its peak, XRP’s market cap reached $83.4407 billion.

In the previous twenty-four hours, XRP fluctuated between $0.5000 and $0.5255. Over the past week, XRP has seen a 14.88% decrease in value. Trading volume for XRP during the most recent twenty-four hours was $1.2686 billion, representing 1.57% of the overall trading volume for all cryptocurrencies. In the last seven days, XRP traded between $0.5000 and $0.6581.

Currently, XRP is down 84.80% from its all-time high of $3.29, which was achieved on January 4, 2018.

In other cryptocurrency trading news, Bitcoin was last at $56,322.50, down 7.27% for the day. Ethereum was trading at $2,572.28, down 11.74%. Bitcoin’s market capitalization stood at approximately $1.118 trillion, making up 55.39% of the total cryptocurrency market cap, while Ethereum’s market cap was around $315.77 billion, accounting for 15.64% of the overall cryptocurrency market value.