Investing.com Reports a 10.10% Drop in XRP Amid Bearish Trading Conditions

Investing.com – The digital currency XRP was recorded at a trading value of $0.5414 by 22:59 (21:59 GMT) on the Investing.com Index this Wednesday, witnessing a 10.10% fall for the day. This marked the most significant one-day loss for the currency since April 13.

This downward trend reduced XRP’s market valuation to $31.2462B, which now accounts for approximately 1.48% of the overall market capitalization of cryptocurrencies. In historical terms, XRP’s market cap has previously peaked at $83.4407B.

Within the last 24-hour period, the trading range for XRP was between $0.5414 and $0.6064.

Reviewing the performance over the last week, XRP has undergone a decrease, with a 5.87% loss in its value. The trading volume for XRP in the day leading up to this report was $2.1546B, which is about 2.30% of the total trading volume across all cryptocurrencies. The 7-day trading range for XRP has been $0.5414 to $0.6638.

Comparing the current price, XRP remains 83.54% beneath its historical high of $3.29 recorded on January 4, 2018.

Cryptocurrency Trading Developments

Bitcoin’s most recent positioning was at $60,862.8 on the Investing.com Index, recording a 0.48% decline for the day.

Ethereum registered a trading figure of $2,380.02 on the Investing.com Index, encountering a 3.73% decrement.

The market capitalization for Bitcoin stood last at $1,200.5509B, comprising 56.78% of the aggregate market cap, while Ethereum’s market value amounted to $285.0578B, making up 13.48% of the total market cap.