XRP has seen its market capitalization plunge by $13 billion over the last seven days amid fearful cryptocurrency sentiment driven by retail pessimism following a sustained bearish outlook.

XRP’s market cap had fallen from $80.99 billion on November 3, 2026, to approximately $60.99 billion on November 10, according to data Coinpedia fetched from CoinMarketCap.

XRP performance on Tuesday. Source: CoinMarketCap

At the time of reporting, XRP had an average 24-hour trading volume of $2.74 billion, down 21.2% on the day. As the token’s demand decreased, its price declined in tandem to about $1.06 at the time of writing.

Why is XRP down over the past 7 days?

XRP’s market cap plummeted over the past seven days, catalyzed by the broader…