Cryptocurrency XRP sank by 11%

XRP was trading at $0.46669 at 23:50 (20:50 GMT) on Wednesday on the Investing.com Index, down 10.56% on the day. This was the most significant drop in the value of the cryptocurrency since November 9, 2022.

The fall also triggered a reduction in the market capitalization of XRP to $24.88126B, or 2.42% of the total capitalization of all cryptocurrencies. While earlier at the peaks, the capitalization of XRP was $83.44071B.

Over the past 24 hours, XRP has traded between $0.46669 and $0.52028.

Over the past 7 days, the XRP cryptocurrency has experienced a fall in the rate within the limits of lost 8.92%. The volume of XRP currency traded in the last 24 hours before the publication of this material was $1.52210B or 5.44% of the total volume of all cryptocurrencies. The rate has fluctuated between $0.4663 and $0.5634 in the last 7 days.

At the moment, XRP is still below 85.81% of its peak value of $3.29, which was reached on January 4, 2018.

Meanwhile, other cryptocurrencies

Bitcoin was last trading at $24,934.1 on the Investing.com Index, down 3.67% on the day.

Ethereum was trading at $1,645.16, down 5.56% according to the Investing.com index.

The market capitalization of Bitcoin is $489.53786B or 47.58% of the total capitalization of cryptocurrencies, while the market capitalization of Ethereum is $199.34517B or 19.38% of the total crypto market capitalization.