XRP Declines 10% in Market Downturn

XRP was trading at $0.5871 as of 11:42 AM (15:42 GMT) on Thursday, reflecting a decline of 10.06% for the day, marking the largest single-day percentage drop since April 13.

This downturn has reduced XRP’s market capitalization to $32.9948 billion, which constitutes 1.46% of the total cryptocurrency market cap. At its peak, XRP’s market cap reached $83.4407 billion.

In the previous 24 hours, XRP traded within a range of $0.5870 to $0.6300. Over the past week, XRP has experienced a value decrease of 4.68%. The trading volume for XRP in the 24-hour period up to this point was $2.0005 billion, representing 2.45% of the total volume for all cryptocurrencies. In the last seven days, XRP’s price fluctuated between $0.5854 and $0.6581.

Currently, XRP is down 82.16% from its all-time high of $3.29, which was achieved on January 4, 2018.

In other cryptocurrency trading news, Bitcoin was last priced at $62,966.00, down 5.14% for the day. Ethereum was trading at $3,121.23, reflecting a decrease of 5.44%. Bitcoin’s market cap was approximately $1.241 trillion, accounting for 54.94% of the total cryptocurrency market cap, while Ethereum’s market cap stood at about $374.67 billion, representing 16.58% of the overall cryptocurrency market value.