Ripple’s cryptocurrency XRP saw a significant drop in value on Sunday, falling 10.40% to $2.6573. This is the largest one-day percentage loss since December 9, 2024. As a result, XRP’s market cap decreased to $156.0913B, accounting for 4.74% of the total cryptocurrency market cap.
XRP’s price range over the past 24 hours was between $2.6573 and $2.9552. Over the past seven days, it has lost 13.28%. The volume of XRP traded in the last 24 hours stood at $8.5539B, or 6.44% of the total cryptocurrency market volume.
Compared to its all-time high of $3.40 set on January 16, XRP is still down 21.74%. Other major cryptocurrencies, such as Bitcoin and Ethereum, also saw losses on Sunday. Bitcoin fell 4.05%, while Ethereum dropped 7.55%.
The current state of the cryptocurrency market is being influenced by AI computing powers, which are changing the stock market landscape. Investing.com’s ProPicks AI has shown promising results in 2024, identifying stocks that surged over 150% and others that rose by over 30%.
Source: https://www.investing.com/news/cryptocurrency-news/xrp-falls-10-in-rout-3844119