XRP Tumbles 23% In Rout

XRP Tumbles 23% In Rout

Investing.com - XRP was trading at $1.24486 by 23:33 (03:33 GMT) on the Investing.com Index on Sunday, down 22.75% on the day. It was the largest one-day percentage loss since February 1.

The move downwards pushed XRP's market cap down to $61.33913B, or 3.02% of the total cryptocurrency market cap. At its highest, XRP's market cap was $83.44071B.

Our top trading bots

XRP had traded in a range of $1.24486 to $1.56266 in the previous twenty-four hours.

Over the past seven days, XRP has seen a drop in value, as it lost 5.04%. The volume of XRP traded in the twenty-four hours to time of writing was $14.75882B or 6.22% of the total volume of all cryptocurrencies. It has traded in a range of $1.2430 to $1.9633 in the past 7 days.

At its current price, XRP is still down 62.16% from its all-time high of $3.29 set on January 4, 2018.

Elsewhere in cryptocurrency trading

Bitcoin was last at $55,054.0 on the Investing.com Index, down 11.78% on the day.

Ethereum was trading at $2,074.28 on the Investing.com Index, a loss of 16.57%.

Bitcoin's market cap was last at $1,062.09621B or 52.28% of the total cryptocurrency market cap, while Ethereum's market cap totaled $247.14901B or 12.16% of the total cryptocurrency market value.

Continue reading about Investing.com
Robinhood partners with Chainalysis ahead of crypto wallet launch
Blockchain analytics firm Chainalysis will be partnering with Robinhood to provide data and tools for trading in advance of the app launching its crypto...
Vladimir Putin says cryptocurrencies 'bear high risks'
On Tuesday, Vladimir Putin, President of the Russian Federation, voiced his criticism at the "Russian Calling" investment forum in Moscow. According to...
Aussie crypto micro investment app Bamboo raises $3M, eyes US market
Blake Cassidy, CEO of Australian micro-investment app Bamboo, has claimed that the Australian Securities Exchange’s (ASX) bias against listing crypto companies...
Riot Blockchain tripled production this year and is hoarding $194M in Bitcoin
United States-based publicly listed mining firm Riot Blockchain has revealed that its year-to-date Bitcoin (BTC) production has more than tripled compared...
BlackRock ETFs hold $384 million of shares in Bitcoin mining firms
Filings submitted by the $9 trillion multinational investment manager BlackRock reveal the firm has made significant investments in two leading publicly...
Bitcoin erases May crash losses as BTC price rebounds to $44K
Bitcoin (BTC) price reacted as high as $44,600 on Aug. 7, the highest level since before the infamous May 19 crash.  Meanwhile, there are increasing speculations...
Testing interest in NFTs vs. physical collectibles with Apple founder’s 50-year-old job application
A crypto entrepreneur is planning to gauge whether interest in a collectible from deceased Apple co-founder and CEO Steve Jobs is directed more towards...
EU eyes new money laundering regulator and stricter crypto reporting requirements
The European Union is looking to launch a new agency designated with cracking down on money laundering at the regional level, with increased reporting requirements...
3 reasons why Polygon (MATIC) outperformed Bitcoin and major cryptos this week
Polygon (MATIC) is on a tear. In the past seven days, it has gained 35% in the past seven days, outperformed every major cryptocurrency apart from Uniswap.There...
MATIC says 'no' to crypto bears with new all-time highs, weekly gains near 120%
Ethereum infrastructure development platform Polygon’s MATIC token hit new all-time highs on May 18 to become the best-performing cryptocurrency on the...
Polkadot announces Kusama is 'finally ready to host parachains'
Kusama, sister chain to Polkadot’s platform, is ready for the rollout of parachains on the network.Polkadot and Kusama creator Gavin Wood today said in...
DEX volumes continue to surge even as Bitcoin and altcoins correct
Decentralized finance (DeFi) started 2021 by taking the cryptocurrency sector by storm and helping to kick the bull market cycle into high gear as traders...
Are we there yet? Here’s why one analyst says its not ‘altcoin season’
Few traders would argue against the fact that Bitcoin (BTC) is in a bull market, but there is less consensus on whether the market is in the midst of an...
3 reasons Dogecoin is up 123% this week, hitting $0.10 for the first time
The price of Dogecoin (DOGE) has rallied by more than 123% this week, hitting a new all-time high of $0.13 on strong technical momentum.DOGE/USDT 4-hour...
China’s digital yuan will offer best privacy protection, says official
Chinese authorities are willing to ensure maximum user privacy for the country’s central bank digital currency, or CBDC, according to an official at the...