XRP Faces Sharp Decline Amid Volatile Crypto Marke…
From Financial Modeling Prep: 2025-01-20 02:19:18
XRP saw a significant 10.71% drop, trading at $2.9197, marking its largest one-day loss since December 9, 2024. Market cap fell to $171.12 billion, representing 4.89% of the total crypto market, down from its peak of $190.39 billion. The token fluctuated between $2.9197 and $3.2341 over 24 hours.
Despite the recent dip, XRP surged 19.46% in the past week, trading in a range of $2.3363 to $3.3954. However, it remains 14.01% below its all-time high of $3.40. Bitcoin dropped 3.46% to $100,919.9, holding 57.23% of the market cap at $2.00 trillion. Ethereum fell 3.02% to $3,182.39, with a market cap of $384.59 billion.
XRP’s price movements reflect broader market uncertainty, influenced by regulatory scrutiny on Ripple Labs, macroeconomic factors, and profit-taking by investors. Investors can leverage resources like the Cryptocurrency Prices API for comprehensive data on price movements and trading volumes to make informed decisions.
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