XRP price trades at $1.28, down 9% on the day. The decline was XRP’s largest one-day percentage loss since February 5. The move placed attention on how the token would trade after the sharp fall, as it was trading between $1.40 and $1.45 in the previous 24 hours.

The decline reduced XRP’s market cap to $80 billion, or 3.34% of the total cryptocurrency market cap. XRP’s highest market capitalization was at $210 billion. As this is being reported, the XRP price remains 65% below its all-time high of $3.65, set on July 18 last year.

Other major cryptocurrencies also declined during the session. Bitcoin was last at $75,500, down 2% on the day, while Ethereum traded at under $2,400, down 4%. Those declines…