XRP Market Update — $100B Market Cap Decline
XRP saw a sharp $100 billion market cap drop in the past 24 hours amid heavy selling from multiple large wallets, likely driven by profit-taking after recent rallies. Broader macroeconomic pressures, including U.S. inflation data and Fed policy signals, added to the risk-off sentiment.
Key Points:
Short-term: Continued volatility possible if large holder selling persists.
Medium-term: Support holding near $0.58–$0.60; potential rebound if pressure eases.
Long-term: Ripple’s legal clarity and institutional adoption remain strong fundamentals.
Corrections of this scale are common in crypto. Informed, disciplined investors often view them as strategic opportunities.
BTC
87,629.45
-0.66%
ETH
2,945.55
+0.44%
XRP
2.1943
-2.56%