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XRP Tumbles Over 10% in Largest Single-Day Drop Since February
XRP experienced its largest single-day percentage loss since February on Tuesday, falling sharply as part of a wider sell-off across the cryptocurrency market.
Sharp Price Decline
The digital asset was trading at $1.3216 by 18:43 GMT, a decline of 10.58% for the day, according to data from the Investing.com Index. The move marked the most significant daily drop for the cryptocurrency since February 5.
In the preceding 24 hours, XRP traded within a range of $1.3216 to $1.4563. The token has seen a drop in value of 3.81% over the past seven days.
Market Impact
The sharp downturn pushed XRP's market capitalization down to $86.91 billion, representing 3.34% of the total cryptocurrency market's value. At its peak, the asset's market cap stood at $210.60 billion.
AdTrading volume for XRP in the 24-hour period reached $5.14 billion, accounting for 5.71% of the total volume across all cryptocurrencies, the data showed. Despite the recent volatility, the asset remains 63.85% below its all-time high of $3.66, set on July 18, 2025.
Broader Crypto Sell-Off
XRP's losses occurred amid a broader retreat in the digital asset space. Other major cryptocurrencies also posted significant losses during the trading session.
- Bitcoin (BTC), the largest cryptocurrency, was down 4.13% to trade at $75,952.0.
- Ethereum (ETH), the second-largest, saw a loss of 5.91%, with its price at $2,387.94.
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