Latest, take a look! Why did XRP drop 5% today?

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As of December 30, 9:07 AM UTC, the global cryptocurrency market capitalization is $3.43 trillion, down 2.8% in the past 24 hours. The 24-hour trading volume is $123.37 billion, indicating relatively low trading activity.

Ranked first, BTC is trading at $93,652, down 1.3% in the past 24 hours, with a market capitalization of $1.85 trillion and a 24-hour trading volume of $34.99 billion. Ranked second, ETH is priced at $3,414, up 0.8% during the same period, with a market capitalization of $411.28 billion and a trading volume of $17.58 billion.

Ranked fourth, XRP is trading at $2.07, significantly down 5.1% in the past 24 hours, with a market capitalization of $118.68 billion and a trading volume of $4.65 billion. Ranked sixth, SOL is trading at $192.93, down 1.0%, with a market capitalization of $92.57 billion and a trading volume of $2.93 billion.

XRP's year-to-date (YTD) return on investment (ROI) is as high as 233.65%, showing significant growth compared to the price at the beginning of the year. Over a longer period, XRP has shown resilience, rising 8.2% in 30 days. However, its performance over a shorter period has not been as impressive. In the past 24 hours, XRP has dropped 5.1%, with a decline of 6.7% in 7 days and 13.7% in two weeks.

The five-day XRP-USD chart shows a clear downward trend during the Christmas period, indicating that investors may be facing selling pressure or profit-taking. XRP started relatively stable during this period but began to decline significantly around December 25, continuing for the following days. By December 30, there were almost no signs of recovery for XRP, further indicating a need for further investigation into the fundamental factors affecting its performance.

The US Dollar Index (DXY) is an indicator that measures the strength of the US dollar against a basket of six major global currencies (including the euro, yen, pound, Canadian dollar, Swedish krona, and Swiss franc). It is a key indicator of the US dollar's value in the global forex market.

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