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XRP is trading at $1.28, marking a 9% decline for the day. This drop represents the token’s largest single-day percentage loss since February 5. The sharp fall has drawn attention to XRP’s trading behavior, as it had been consolidating between $1.40 and $1.45 in the preceding 24 hours.
The decline reduced XRP’s market capitalization to $80 billion, which accounts for 3.34% of the total cryptocurrency market cap. XRP’s market cap previously reached a high of $210 billion. At the time of reporting, XRP remains 65% below its all-time high of $3.65, established on July 18 of the previous year.
Other major cryptocurrencies also experienced declines during the session. Bitcoin was last recorded at $75,500, down 2% for the day, while Ethereum traded below $2,400, down 4%. These broader market declines provide important context for XRP’s movement.
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Why the $1.28-$1.30 Zone Matters for XRP Price?
XRP is trading at $1.28 following another sharp downward move, with the token down 0.7% over the past 24 hours. The decline becomes more pronounced across longer timeframes, with XRP down 8.2% over seven days and 10.4% over the past month.
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Trading activity remains substantial, with XRP recording approximately $80.46 billion in 24-hour volume. Its market capitalization stands at around $5.88 billion, while the latest price action shows a volatile downward move following several failed recovery attempts.
XRP (XRP) 24h 7d 30d 1y All time
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At $1.28, XRP is now testing a significantly lower level following recent selling pressure. The immediate question for traders is whether buyers can stabilize the price in this area or if another wave of selling will push XRP toward fresh lows.
Chart data also shows a volatile recovery attempt followed by another sharp move lower. XRP briefly rebounded from an earlier decline before sellers returned, pushing the price back toward $1.28. This price action makes the current level an important area to watch as the market searches for a potential stabilization point.
For now, the combination of a 10.4% monthly decline and substantial trading volume keeps the focus on whether buyers can absorb the remaining selling pressure.
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The post XRP Price Drops 10% as Crypto Market Weakness Intensifies appeared first on Cryptonews.
