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XRP Cryptocurrency Drops 10% in Bearish Trading With Pullback
The cryptocurrency XRP was trading at $1.9887 as of 16:58 GMT on Monday according to the Investing.com index, falling 10.01% on the day. This was the most significant drop in the cryptocurrency’s value since October 10.
The decline also triggered a reduction in XRP’s market capitalization to $120.4216 billion, or 4.17% of the total market cap of all cryptocurrencies. Earlier, at its peak, XRP’s market cap reached $210.6006 billion.
Over the past 24 hours, XRP traded within the range of $1.9852–$2.1597.
During the last 7 days, XRP experienced a price decrease of 5.26%. The 24-hour trading volume of XRP at the time of publication amounted to $4.8015 billion, or 2.96% of the total crypto market volume. Over the past 7 days, the price fluctuated between $1.9852–$2.2730.
At the moment, XRP has dropped from its previously set all-time high (not specified in the text).
Meanwhile, other cryptocurrencies:
- Bitcoin was last trading at $84,512.8 according to the Investing.com index, down 7.94% on the day.
- Ethereum was trading at $2,728.53, a decline of 10.37%.
Bitcoin’s market capitalization is $1,698.2541 billion, or 58.87% of the entire crypto market, while Ethereum’s market cap stands at $331.3973 billion, or 11.49% of the total market capitalization.
See also: "Bitcoin’s drop into the $85,000 range occurred during Asian trading"
