XRP fell to $1.28, losing 9% over the day in its sharpest daily percentage decline since Feb. 5. The move followed a 24-hour period in which the token had traded between $1.40 and $1.45 before selling pressure accelerated.
The decline lowered XRP’s market capitalization to approximately $80 billion, accounting for 3.34% of the total crypto market. Its previous peak market capitalization stood at $210 billion. XRP is now around 65% below its record price of $3.65, reached on July 18 last year.
The broader cryptocurrency market also moved lower. Bitcoin declined 2% to about $75,500, while Ethereum fell 4% below $2,400. The weakness across major digital assets coincided with XRP’s latest decline.
Can XRP Hold the $1.28-$1.30 Zone?
XRP remained close to $1.28 after the latest sell-off, with the token showing a 0.7% decline over the most recent 24-hour period. Its performance over longer periods has been weaker, with losses of 8.2% over seven days and 10.4% over one month.
Trading volumes have remained elevated, reaching approximately $80.46 billion over 24 hours based on the supplied data. The latest market data also lists XRP’s market capitalization at around $5.88 billion, while the chart reflects several unsuccessful attempts to regain higher levels.
The move down to $1.28 has brought the token into a new lower-price range. Traders are now assessing whether buyers will step in around $1.28-$1.30 or whether continued selling could push XRP toward additional lows.
XRP’s recent chart pattern shows a short-lived rebound that failed to develop into a sustained recovery. Sellers subsequently returned, driving the price back toward $1.28 and turning the area into a key level for traders monitoring possible stabilization.
The combination of a 10.4% monthly loss and heavy trading activity leaves the market focused on whether demand can absorb further selling and halt the decline.
