XRP Price Loses 10% as Crypto Weakness Deepens

XRP price trades at $1.28, down 9% on the day. The decline was XRP’s largest one-day percentage loss since February 5.

The move placed attention on how the token would trade after the sharp fall, as it was trading between $1.40 and $1.45 in the previous 24 hours.The decline reduced XRP’s market cap to $80 billion, or 3.34% of the total cryptocurrency market cap.

XRP’s highest market capitalization was at $210 billion. As this is being reported, the XRP price remains 65% below its all-time high of $3.65, set on July 18 last year.Other major cryptocurrencies also declined during the session.

Bitcoin was last at $75,500, down 2% on the day, while Ethereum traded at under $2,400, down 4%.