NewsBTC
8 hour ago
1 0

XRP Falls 12% This Week; Market Cap Drops by $82 Billion

XRP, currently trading at $2.16, is down 12% over the last week amidst broader market challenges.

Recent Market Trends

  • XRP has risen over 300% since November of the previous year, despite recent declines.
  • The coin previously peaked at $3.31 in January 2018 and struggled below $1 for several years before rallying again in late 2024.

Market Capitalization & Forecast

  • XRP's market cap peaked at $215 billion but has decreased by over $82 billion, now standing at approximately $131 billion.
  • Short-term predictions suggest a slight decline to $2.19 by December 7, 2025.

Investor Sentiment

  • The Fear & Greed Index indicates "Extreme Fear" with a score of 24.
  • XRP experienced 15 out of 30 green days with a 6% price volatility in the past month.

Future Outlook

  • Diep Sanh humorously predicted significant investor reactions to future market fluctuations.
  • A potential drop from $1,200 to $1,000 in 2070 would be an extraordinary profit compared to current levels.
  • Some analysts see the current pullback as a buying opportunity, while others caution about potential losses for those who bought during the recent surge.