XRP wipes out $16 billion in a week
XRP has erased $16.47 billion in market value over the past seven days, as its capitalization fell from $185.15 billion on October 3 to $168.68 billion by October 10, according to data retrieved by Finbold from CoinMarketCap . XRP 7-day market cap. Source: CoinMarketCap The drop reflects a 7% weekly decline that has dragged XRP price to $2.81, even as the broader crypto market has held relatively steady. XRP 7-day price chart. Source: Finbold The losses were concentrated after October 3, when the token briefly surged with a daily volume peak of $7.46 billion, before selling pressure mounted. Over the past 24 hours, trading volume has cooled to $4.92 billion, a 34% drop from last week’s high, as momentum shifted from aggressive speculation to cautious positioning. XRP’s volume-to-market cap ratio sits at 2.93%, a level consistent with thinning liquidity compared to earlier in the quarter. XRP price dynamics Despite the pullback, XRP retains a signi...