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%. Those declines provide important market context for XRP's move.

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Why the $1.28-$1.30 Zone Matters for XRP Price?

XRP is trading at $1.28 after another sharp move lower, with the token down 0.7% over the past 24 hours. The decline becomes more significant across longer timeframes, with XRP down 8.2% over seven days and 10.4% over the past month.

Trading activity remains substantial, with XRP recording approximately $80.46 billion in 24-hour volume. Its market capitalization stands at around $5.88 billion, while the latest price action shows a volatile move lower after several failed recovery attempts.