Ripple Dips Below $0.30, Down 1.79%

Ripple’s price dipped below the $0.29964 mark on Sunday, trading at $0.29964 by 08:55 (12:55 GMT), reflecting a decline of 1.79% for the day. This drop marked the largest single-day percentage loss since August 9.

As a result of this downturn, Ripple’s market capitalization fell to $11.89 billion, representing 5.56% of the total cryptocurrency market cap, down from its peak of $79.53 billion.

Over the last 24 hours, Ripple traded within a range of $0.29468 to $0.30899. In the past week, the cryptocurrency experienced a significant drop in value, losing 29.63%. During the 24-hour period leading up to this report, Ripple’s trading volume reached $208.96 million, or 1.76% of the total cryptocurrency trading volume, with a weekly trading range of $0.28814 to $0.43655.

Currently, Ripple’s price is still down 90.89% from its all-time high of $3.29, which was achieved on January 4.

In the broader cryptocurrency market, another notable digital asset was priced at $6,245.4, showing an increase of 2.08% for the day. Another asset traded at $316.79, marking a gain of 2.74%.

At present, Bitcoin’s market cap stands at $108.60 billion, constituting 50.76% of the total cryptocurrency market capitalization, while Ethereum’s market cap totals $32.62 billion, covering 15.25% of the total cryptocurrency market value.