23.07.2025 05:07

In a dramatic market shift, XRP experienced a significant downturn, shedding over $7 billion in market capitalization within a 24-hour period. This represents its most substantial single-day loss in several weeks, plummeting from approximately $215 billion to around $208 billion.

The XRP decline mirrored a broader cryptocurrency market correction. The overall crypto market capitalization dipped by 1.1%, with over $556 million liquidated across various exchanges. This downturn extended even to Bitcoin, which saw its first ETF outflow since the beginning of June, highlighting a general market cooling.

Hourly price charts vividly illustrate the severity of the XRP sell-off. A particularly sharp drop saw XRP prices plunge from $3.51 to $3.42 within a single hour, before a partial recovery. This volatility, however, isn't solely attributable to isolated market fluctuations; rather, it reflects a typical post-rally lull.

Following the excitement surrounding recent regulatory developments, the current relative market quiet has left it susceptible to even minor negative events and profit-taking activities. This correction, experts suggest, is a natural response to XRP's remarkable 50%+ price surge over just 13 days, particularly given its already substantial market capitalization.

Furthermore, precursory warning signs emerged before the drop. The increased open interest in altcoins, nearing Bitcoin's level, has historically preceded market corrections. This pattern often leads to a wave of deleveraging as investors reduce their risk exposure. While the recent decline may not signal the end of an upward market trend, it strongly suggests a necessary pause after the recent frenzied buying activity. The situation remains fluid, pending further macroeconomic indicators and XRP's ability to reclaim its previous highs. The situation is further complicated by the fact that these events are drawn from internet sources.