Market Capitalization:3 793 176 180 042,7 USD
Vol. in 24 hours:245 921 517 849,46 USD
Dominance:BTC 58,91%
ETH:12,74%
Market Capitalization:3 793 176 180 042,7 USD
Vol. in 24 hours:245 921 517 849,46 USD
Dominance:BTC 58,91%
ETH:12,74%
Market Capitalization:3 793 176 180 042,7 USD
Vol. in 24 hours:245 921 517 849,46 USD
Dominance:BTC 58,91%
ETH:12,74%
Market Capitalization:3 793 176 180 042,7 USD
Vol. in 24 hours:245 921 517 849,46 USD
Dominance:BTC 58,91%
ETH:12,74%
Market Capitalization:3 793 176 180 042,7 USD
Vol. in 24 hours:245 921 517 849,46 USD
Dominance:BTC 58,91%
ETH:12,74%
Market Capitalization:3 793 176 180 042,7 USD
Vol. in 24 hours:245 921 517 849,46 USD
Dominance:BTC 58,91%
ETH:12,74%
Market Capitalization:3 793 176 180 042,7 USD
Vol. in 24 hours:245 921 517 849,46 USD
Dominance:BTC 58,91%
ETH:12,74%
Market Capitalization:3 793 176 180 042,7 USD
Vol. in 24 hours:245 921 517 849,46 USD
Dominance:BTC 58,91%
ETH:12,74%
Market Capitalization:3 793 176 180 042,7 USD
Vol. in 24 hours:245 921 517 849,46 USD
Dominance:BTC 58,91%
ETH:12,74%
Market Capitalization:3 793 176 180 042,7 USD
Vol. in 24 hours:245 921 517 849,46 USD
Dominance:BTC 58,91%
ETH:12,74%
Yes
>>A rapid price drop in XRP was likely caused by a combination of high trading leverage and limited market liquidity.

A rapid price drop in XRP was likely caused by a combination of high trading leverage and limited market liquidity.

crypthub
A rapid price drop in XRP was likely caused by a combination of high trading leverage and limited market liquidity.

Market Downturn and XRP Price Drop

XRP experienced a significant price decline, dropping more than 50% during a recent downturn in the cryptocurrency market. This sharp decrease resulted in liquidations totaling $700 million.

Rapid Recovery and Speculation

Despite the initial plunge, XRP quickly recovered its value. Following the flash crash, analysts and social media users have suggested the price movement may have been caused by coordinated market activities.