Malik joji XRP has just lost over $7 billion in market capitalization, falling from $215 billion to around $208 billion in less than a day — its biggest one-day loss for weeks. This decline coincided with a broader cooling-off period on the crypto market, with the global market cap falling by 1.1% and over $556 million being liquidated across trading platforms.

Even Bitcoin was not spared, with the first ETF outflow since early June being recorded.

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The hourly candles tell the story clearly. XRP experienced its worst hourly sell-off of the day, dropping from $3.51 to $3.42 before partially recovering.