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XRP Cryptocurrency Drops 10% in Bearish Pullback Trading
The cryptocurrency XRP was trading at $2.2022 as of 13:22 (10:22 GMT) on Friday, according to Investing.com’s index, down 10.09% for the day. This marked the largest single-day decline for XRP since October 10.
The drop also led to a decline in XRP’s market capitalization to $132.6977 billion, or 3.77% of the total cryptocurrency market cap.
Previously, at its peak, XRP’s capitalization reached $210.6006 billion.
Over the past 24 hours, XRP traded within a range of $2.2022 to $2.3860.
In the past 7 days, the cryptocurrency has fallen by 21.4%.
The 24-hour trading volume reached $8.7537 billion, representing 3.45% of the total crypto market turnover.
Throughout the week, the price ranged between $2.2022 and $2.6437.
At present, XRP remains well below its most recent high (exact level not specified).
Meanwhile, other cryptocurrencies:
Bitcoin last traded at $103,709.1, according to Investing.com, down 6.79% for the day.
Ethereum was trading at $3,680.25, marking a 8.89% decline.
Bitcoin’s market capitalization stands at $2,081.8898 billion, or 59.09% of the total crypto market,
while Ethereum’s market capitalization is $448.1707 billion, or 12.72% of the global cryptocurrency market.
See also: "CryptoQuant Analysts Reveal the Cause of Bitcoin’s Rising Volatility"
