Price drop
At 17:55 (09:55 GMT) on December 20, 2024 (Friday), XRP was trading around 2.1385, a significant drop of 10.31%, and this was the largest daily drop since December 9, 2024, indicating that its price trend has undergone a relatively drastic downward change in the short term, and investors may face a greater risk of book losses. Market value changes
Decline in total market value: This decline caused the total market value of XRP to drop to 125.4863B US dollars. Compared with the previous high of 155.2807B US dollars, the market value has shrunk significantly, which means that the value of this currency in the entire cryptocurrency market has been greatly reduced. Changes in market capitalization share: Its share in the total market capitalization of cryptocurrencies has dropped to 3.85%. However, in the past 7 trading days, as of press time, its total market capitalization within 24 hours was US$21.8848B, accounting for 7.56% of the total market capitalization of all cryptocurrencies. The share data has changed significantly in different time dimensions, reflecting that its position and influence in the entire cryptocurrency market landscape are in dynamic changes with price fluctuations. Price range
In the past 24 hours: The price has been trading between US$2.1385 and US$2.3536, indicating that there is a certain range of price fluctuations within a day, and there are short-term price fluctuations. In the past 7 trading days: XRP has been trading between $2.1371 and $2.7239. The overall price range also reflects the upper and lower limits of its price fluctuations in the past week. Compared with the historical high of $3.29 on January 4, 2018, the current price is 35.00%, indicating that there is still a large gap from the historical high. In the long run, its price is still at a relatively low level and has not yet recovered to its previous glory. It also implies that there is uncertainty in the subsequent price trend. It may continue to repair to the historical high or further decline.
Overall, XRP's recent performance in terms of price and market value is not optimistic and is in a downward trend. In the future, it is necessary to pay close attention to its related dynamics and many factors affecting the cryptocurrency market (such as policies, industry development, market sentiment, etc.) to judge its trend.
