XRP Falls 10% in Bearish Trade

XRP was priced at $0.5657 at 17:24 (21:24 GMT) on Thursday, marking a decline of 10.13% for the day. This represents XRP’s largest percentage loss in a single day since April 13.

This dip decreased XRP’s market capitalization to $31.6478 billion, which accounts for 1.35% of the overall cryptocurrency market cap. At its peak, XRP’s market cap was $83.4407 billion.

In the past twenty-four hours, XRP fluctuated between $0.5592 and $0.6360. Over the last week, however, XRP has experienced a notable increase in value, gaining 26.57%. The trading volume for XRP in the twenty-four hours leading to this report was $3.2192 billion, constituting 4.56% of the total volume across all cryptocurrencies. Over the past week, XRP traded between $0.4446 and $0.6369.

At its current value, XRP remains down 82.81% from its all-time high of $3.29 reached on January 4, 2018.

In the broader cryptocurrency market, Bitcoin was last recorded at $63,829.4, decreasing by 1.06% for the day. Ethereum was trading at $3,415.95, reflecting a slight gain of 0.02%.

Bitcoin’s market cap was approximately $1.2596 trillion, making up 53.86% of the total cryptocurrency market cap. Meanwhile, Ethereum’s market cap stood around $410.6644 billion, representing 17.56% of the total market value of cryptocurrencies.