XRP wipes out over $22 billion in a week; Is the rally over?
Main Idea
XRP's market capitalization has dropped by over $22 billion in the past week, reflecting a significant decline in its value and investor interest.
Key Points
1. XRP's market cap fell from $205.9 billion on July 23 to $183.4 billion by July 30, a 10% decrease.
2. The price of XRP dropped below the critical $3 level, hitting a low of $2.99 before recovering slightly to $3.09.
3. Open interest in XRP futures declined to $8.57 billion, indicating reduced trading activity.
4. A sustained drop below $3 could lead to further declines, potentially testing the $2.80–$2.90 range.
5. Bitcoin's increasing dominance is drawing capital away from altcoins like XRP, compounded by Ripple's ongoing regulatory challenges.
Description
XRP has erased more than $22 billion in market capitalization over the past week, a sobering reversal for one of 2025’s standout altcoins. Data retrieved by Finbold from CoinMarketCap shows its market cap plunging from roughly $205.9 billion on July 23 to $183.4 billion as of July 30, a 10% drawdown that reflects both profit-taking and structural weakness across the broader altcoin complex. XRP 1-week market cap. Source: CoinMarketCap The price action tells the same story. After briefly touching...
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