Sellers Send Ripple XRP Below $100Bn Marketcap After Brief Milestone

XRP Ripple briefly pushed its market capitalization back above $100Bn on Tuesday, September 22, before profit-taking dragged the token below that threshold later in the session.

The milestone mattered because it landed alongside a reported wave of ETF buying and a sharp rebound from a slide toward $1.29 just a week earlier. Here is the tension worth unpacking: strong institutional demand met a market that still wasn’t ready to hold new highs.

XRP traded between $1.54 and roughly $1.66 during the session. At the time of writing, the token sits at $1.49, down a sizeable -7.8% over the past 24 hours, according to CoinGecko data.

Its market capitalization had settled back to about $92Bn, keeping it the fifth-largest cryptocurrency by that measure.