XRP Price Drops 10% in Recent Selloff
If you’ve been keeping an eye on XRP, you might have noticed that it was trading at $1.3630 on the Investing.com Index on Tuesday, marking a 10.30% decrease for the day. This drop was the largest single-day percentage loss since April 13. At that price point, XRP’s market cap stood at $79.0368B, making up 2.47% of the total cryptocurrency market cap. However, it’s essential to note that XRP’s market cap had reached as high as $84.0622B.
In the twenty-four hours leading up to this point, XRP had been trading in a range of $1.3619 to $1.4580. Despite this recent dip, XRP has still seen a significant increase in value over the past week, climbing by 26.89%. The trading volume for XRP during this period was $10.1941B, accounting for 4.17% of the total volume of all cryptocurrencies. The price range for XRP over the past 7 days has been between $1.0584 and $1.6292.
Even with these fluctuations, it’s important to keep in mind that XRP is currently down 58.57% from its all-time high of $3.29, which was recorded on January 4, 2018.
In other cryptocurrency news, Bitcoin was trading at $93,232.8 on the Investing.com Index, experiencing a 5.35% decrease for the day. Similarly, Ethereum saw a decrease, trading at $3,351.31, marking a loss of 3.53%. Bitcoin’s market cap stood at $1,847.9658B, representing 57.71% of the total cryptocurrency market cap, while Ethereum’s market cap was at $405.4455B, making up 12.66% of the total cryptocurrency market value.
As the cryptocurrency market continues to evolve and fluctuate, it’s important to stay informed about the latest trends and developments. Keeping an eye on these shifts can help you make informed decisions about your investments.
