XRP Sees Significant Daily Drop Amid Broader Crypto Market Decline

XRP Experiences Sharp Decline, Impacts Market Share

XRP recorded a notable 11.28% decrease, trading near $1.4745 on Sunday at 04:00 GMT, according to Investing.com Index. This marks its largest daily drop since February 5, 2026. The downturn reduced XRP's market capitalization to $92.5315 billion, representing 3.56% of the overall crypto market.

Overview of Market Movements

Despite the recent dip, XRP had surged 46.85% over the past seven days, trading between $0.9886 and $1.6950. Its 24-hour trading volume reached $14.0393 billion, capturing 10.94% of total crypto trading volume. XRP's current price remains 59.66% below its all-time high of $3.66 on July 18, 2025.

Broader Cryptocurrency Market Performance

Other major cryptocurrencies also faced declines. Bitcoin (BTC) traded at $76,932.1, down 1.98%, with a market cap of $1,544.3666 billion. Ethereum (ETH) fell 4.05% to $2,414.03, holding a market cap of $291.0059 billion.

Conclusion

The recent market volatility shows the dynamic nature of cryptocurrency. While XRP experienced a significant daily correction, its prior weekly gains suggest sustained interest. Tracking movements of major assets like Bitcoin and Ethereum is key for future trend analysis.

FAQ

Q: What was XRP's largest daily drop?
A: XRP fell 11.28%, its largest daily drop since February 5, 2026.

Q: How much did XRP's market cap decrease?
A: Its market cap decreased to $92.5315 billion, representing 3.56% of the total crypto market.

Q: How did other major cryptocurrencies perform?
A: Bitcoin was down 1.98% and Ethereum was down 4.05% for the day.

Text : Source
Source: Investing.com