XRP Plummets 10.66% on Wednesday Amid Broader Crypto Market Selloff Hits $3.1768
XRP experienced a sharp decline of 10.66% on Wednesday, trading at $3.1768 by 13:20 (17:20 GMT) on the Investing.com Index, marking the largest single-day percentage loss since March 3 [1]. The selloff pushed XRP’s market cap to $191.8775 billion, representing 4.98% of the total cryptocurrency market cap. This marked a significant drop from its peak market cap of $210.6006 billion earlier in the day. Over the previous 24 hours, XRP had traded within a range of $3.1761 to $3.5514, highlighting the volatility surrounding the asset.
Despite the recent decline, XRP has shown resilience over the past seven days, with an 8.49% gain in value. However, the token remains 13.10% below its all-time high of $3.66, achieved on July 18. The…
