Cryptocurrency XRP lost $ 6 billion in market capitalization

The cryptocurrency XRP XRP $1.99 XRP -0.72% Market capitalization $120.62 billion VOL. 24 hours $0.11 billion has fallen sharply, losing more than $ 6 billion in market capitalization after dropping below $ 2. Over the past 24 hours, the token has dropped by 3.57% to reach $ 1.99, which is worse than the broader crypto market, which fell by 2.86% over the same period.

According to CoinMarketCap, the market value of XRP has dropped from about $ 126.65 billion to about $ 120.39 billion. The decline of more than $ 6 billion in 16 hours was one of the most notable one-day drops in recent months.

The sharp decline in value was a reaction to the decision of the US Federal Reserve, which cut its benchmark interest rate by 25 basis points on December 11. However, instead of supporting risky assets, this move triggered a sell-off in the crypto market. Bitcoin fell by 2.8%, and interest in altcoins weakened as traders reduced their exposure to volatile assets.

Analysis of chain data indicates significant activity of large XRP holders: over the past week, more than 500 million tokens have been moved from wallets controlled by the so-called «whales». This has increased pressure on the price amid low network activity, including a decrease in the number of active addresses and transactions, which has reduced confidence in the asset.

XRP also lost technical support in the $ 2.10 area. The relative strength index continued to weaken, and the crypto market’s fear and greed index fell to 29 points, the lowest level since October 2025. At the same time, institutional flows remain stable: XRP-based products continue to attract about $ 190 million weekly, which indicates the interest of large investors even despite the short-term decline. The further dynamics of the token will depend on whether the market can keep the level above $ 1.90 and return to $ 2.10 after the volatility decreases.