XRP News Today: XRP Plummets 10.66% on Wednesday Amid Broader Crypto Market Selloff Hits $3.1768

Generated by AI AgentCoin World
Wednesday, Jul 23, 2025 1:41 pm ET1min read
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Aime RobotAime Summary

- XRP fell 10.66% to $3.1768 on Wednesday, its largest single-day drop since March 3, with a market cap of $191.88B.

- The selloff coincided with broader crypto declines: Bitcoin dropped 1.54% and Ethereum fell 3.83%, amplifying XRP's volatility.

- Despite a 7-day 8.49% gain, XRP remains 13.10% below its $3.66 all-time high, with regulatory risks and market uncertainty persisting.

- Investors monitor key support levels as Ripple's ongoing legal challenges and bearish market sentiment weigh on XRP's outlook.

XRP experienced a sharp decline of 10.66% on Wednesday, trading at $3.1768 by 13:20 (17:20 GMT) on the Investing.com Index, marking the largest single-day percentage loss since March 3 [1]. The selloff pushed XRP’s market cap to $191.8775 billion, representing 4.98% of the total cryptocurrency market cap. This marked a significant drop from its peak market cap of $210.6006 billion earlier in the day. Over the previous 24 hours,

XRP
had traded within a range of $3.1761 to $3.5514, highlighting the volatility surrounding the asset.

Despite the recent decline, XRP has shown resilience over the past seven days, with an 8.49% gain in value. However, the token remains 13.10% below its all-time high of $3.66, achieved on July 18. The 24-hour trading volume for XRP reached $9.8565 billion, accounting for 5.00% of the total cryptocurrency trading volume. Over the seven-day period, XRP fluctuated between $2.9929 and $3.6556, underscoring the broader uncertainty in the market [1].

The broader cryptocurrency market also faced downward pressure.

Bitcoin
(BTC) dropped 1.54% to $117,394.7, while
Ethereum
(ETH) fell 3.83% to $3,558.76. Bitcoin’s market cap stood at $2,338.9294 billion, or 60.93% of the total cryptocurrency market cap, and Ethereum’s market cap totaled $429.9501 billion, representing 11.20% of the total value. The weak performance of major assets like Bitcoin and Ethereum likely exacerbated the selloff in XRP, as market participants adjusted positions amid shifting risk appetite [1].

The decline in XRP raises questions about the sustainability of its recent gains and the potential for further correction. While the token’s 7-day performance suggests some short-term support, the broader context of a bearish market and regulatory uncertainty could weigh on its trajectory. Investors are closely monitoring whether XRP can stabilize above key support levels to avoid further losses. The regulatory landscape, particularly ongoing legal challenges involving

Ripple
, remains a critical factor for the asset’s long-term outlook.

Source: [1] [XRP Falls 11% In Selloff] [https://www.investing.com/news/cryptocurrency-news/xrp-falls-11-in-selloff-4149004]