XRP Loses $13B in Market Cap as Price Falls 9% to $2.27
XRP erased roughly $13 billion of market value in the last 24 hours, with market cap falling from $150.38 billion to $137.39 billion as the price slid about 9% to $2.27. The move pushed XRP lower against Bitcoin and many peers, tightening liquidity on some order books and prompting short-term reactive selling among traders.
There’s no single confirmed catalyst yet; the drop could reflect profit-taking after recent gains, a broader crypto pullback, or short-term liquidation events. For holders and market watchers the immediate signals to watch are on-chain outflows, exchange balances, and any fresh news from Ripple or regulators. A sustained breach of key support could extend losses, while a quick recovery would hinge on renewed buying interest or positive headlines.