XRP Drops 10.03% Amid Downward Market Trend, Reports Investing.com

Investing.com – XRP experienced a decline on Friday, trading at $0.4215 as of 01:45 (00:45 GMT) on the Investing.com Index, marking a significant decline of 10.03% for the day. This drop represented the sharpest single-day decline since April 13.

This downward movement saw XRP’s market capitalization fall to $23.6946B, accounting for 1.14% of the total market capitalization of all cryptocurrencies. Previously, XRP’s market cap had peaked at $83.4407B.

Within the last 24 hours, XRP’s trading price fluctuated between $0.4209 and $0.4329.

Looking at the week-long trend, XRP has been on the decline, having lost 10.34% of its value. The volume of XRP traded during the last 24 hours at the time of writing stood at $1.5908B, which is 1.61% of all cryptocurrencies’ combined volume. Over the week, XRP has been traded between $0.4209 and $0.4887.

Currently, XRP is still 87.19% lower than its all-time high of $3.29 recorded on January 4, 2018.

Elsewhere in the crypto market

Bitcoin was trading at $57,007.7 on the Investing.com Index, a decrease of 5.68% for the day.

Ethereums value on the Investing.com Index was at $3,079.16, following a downtrend of 6.92%.

The market cap of Bitcoin was listed at $1,118.7068B, representing 53.97% of the total cryptocurrency market, while Ethereum’s market cap was at $367.5936B or 17.73% of the overall market valuation.