XRP saw a sharp decline of 10.14% on Monday, marking its biggest one-day drop since February 24. The cryptocurrency fell to $2.3051, pushing its market cap down to $137.69 billion, accounting for 4.48% of the total crypto market cap.
\ud83d\udd39 Weekly Performance: Down 11.23% over the last seven days
\ud83d\udd39 24-Hour Range: $2.2829 – $2.6028
\ud83d\udd39 7-Day Range: $2.2829 – $2.7473
\ud83d\udd39 Trading Volume (24H): $5.46 billion (4.81% of total crypto market volume)
\ud83d\udd39 All-Time High: Still 32.11% below its peak of $3.40 (set on January 16)
\ud83d\udcc9 XRP’s decline aligns with broader weakness in the crypto market, as risk sentiment deteriorates.
\ud83d\udccc Bitcoin (BTC):
\ud83d\udccc Ethereum (ETH):
\ud83d\udcc9 Both Bitcoin and Ethereum are also in the red, with Ethereum suffering a steeper loss than Bitcoin, reflecting wider market risk-off sentiment.
\ud83d\udca1 Factors to Watch:
\ud83d\udd39 Overall Market Sentiment – Crypto remains highly volatile, and sentiment swings can trigger sharp rebounds or further declines.
\ud83d\udd39 Regulatory Developments – XRP has been heavily influenced by SEC-related legal battles, which could continue affecting its price.
\ud83d\udd39 Bitcoin’s Momentum – As BTC dominates the market, its price movement often dictates broader crypto trends.
\ud83d\udcca Investors tracking XRP’s performance can use Financial Modeling Prep's Crypto Currency Free API to monitor real-time market data and price trends.
\ud83d\udccc Explore Live Crypto Data
\u23f3 Short-term pressure remains, but XRP's long-term trajectory will depend on broader crypto trends and regulatory clarity.
