XRP saw a sharp decline of 10.14% on Monday, marking its biggest one-day drop since February 24. The cryptocurrency fell to $2.3051, pushing its market cap down to $137.69 billion, accounting for 4.48% of the total crypto market cap.

Key XRP Market Trends

🔹 Weekly Performance: Down 11.23% over the last seven days
🔹 24-Hour Range: $2.2829 - $2.6028
🔹 7-Day Range: $2.2829 - $2.7473
🔹 Trading Volume (24H): $5.46 billion (4.81% of total crypto market volume)
🔹 All-Time High: Still 32.11% below its peak of $3.40 (set on January 16)

📉 XRP's decline aligns with broader weakness in the crypto market, as risk sentiment deteriorates.

Broader Crypto Market Overview

📌 Bitcoin (BTC):

• Price: $93,137.7 (-2.77%)
• Market Cap: $1.87 trillion (60.71% of total crypto market cap)

📌 Ethereum (ETH):

• Price: $2,565.26 (-8.51%)
• Market Cap: $319.23 billion (10.38% of total crypto market cap)

📉 Both Bitcoin and Ethereum are also in the red, with Ethereum suffering a steeper loss than Bitcoin, reflecting wider market risk-off sentiment.

Outlook: Will XRP Recover?

💡 Factors to Watch:
🔹 Overall Market Sentiment - Crypto remains highly volatile, and sentiment swings can trigger sharp rebounds or further declines.
🔹 Regulatory Developments - XRP has been heavily influenced by SEC-related legal battles, which could continue affecting its price.
🔹 Bitcoin's Momentum - As BTC dominates the market, its price movement often dictates broader crypto trends.

📊 Investors tracking XRP's performance can use Financial Modeling Prep's Crypto Currency Free API to monitor real-time market data and price trends.
📌 Explore Live Crypto Data

⏳ Short-term pressure remains, but XRP's long-term trajectory will depend on broader crypto trends and regulatory clarity.