Ripple Experiences 20.22% Decline in Bearish Trading

Ripple was trading at $0.24965 by 22:06 (02:06 GMT) on Tuesday, marking a decline of 20.22% for the day. This represents the most significant single-day percentage decrease since January 16.

The drop in value reduced Ripple’s market capitalization to $10.12 billion, accounting for 5.27% of the total cryptocurrency market cap. At its peak, Ripple’s market cap reached $79.53 billion.

In the previous 24 hours, Ripple traded within a range of $0.24953 to $0.27671. Over the past week, Ripple experienced a substantial decrease in value, losing 37.64%. The trading volume during the last 24 hours was $255.76 million, which is approximately 1.99% of the total volume across all cryptocurrencies. In the past week, Ripple’s trading range spanned from $0.24953 to $0.37836.

Currently, Ripple’s price is still 92.41% below its all-time high of $3.29, achieved on January 4.

In other cryptocurrency news, another cryptocurrency was trading at $5,946.9, down 6.38% for the day. Another saw a price of $252.64, reflecting a loss of 26.29%.

Bitcoin’s market capitalization was noted at $105.12 billion, making up 54.69% of the total cryptocurrency market. Meanwhile, Ethereum’s market cap stood at $26.44 billion, comprising 13.76% of the total market value of cryptocurrencies.