XRP has emerged as the worst performer among the top 100 cryptocurrencies, witnessing a significant 15% drop within a single day. This decline is part of a broader bearish trend in the crypto market, with Bitcoin also experiencing losses and trading below $68,000. Currently, XRP stands at $1.30 after losing approximately 28% of its value over the past week. The asset dipped to $1.28, marking its lowest price since November 2024, a period that followed the election of President Trump and saw a surge in XRP’s value.
Other cryptocurrencies are also feeling the pinch. Ethereum has dropped 6% and now trades around $1,985, suffering a similar decline of about 30% over the past week. Dogecoin is down 8% to $0.09, while BNB is trading at $666 after a 9% downturn, representing a 23% loss over the past seven days. Solana has seen a decline of about 8%, now at $85, which reflects a wider 27% decrease week-on-week.
The recent adverse market conditions have led to substantial liquidations of crypto positions, with over $1.43 billion worth wiped out in just 24 hours. Notably, XRP derivatives contracts worth more than $47 million have been liquidated, with nearly $44 million being from long positions on XRP. In contrast, XRP trading volume surged by 57%, with over $11 billion transacted in the past day.
The overall cryptocurrency market capitalization is not spared, falling by 7.4% to $2.37 trillion, significantly down from a peak of over $4.2 trillion in September 2025.
Adding to the concerns in the XRP space, Evernorth, a treasury firm that invested heavily in XRP, is facing an unrealized loss of $446 million. Evernorth acquired 388,710,631 XRP for $947 million in October but has since seen the value of its holdings plunge to approximately $501 million. The company did not provide immediate comment.
Despite slight signs of stability, such as seven spot XRP ETFs reporting net inflows of $6.9 million on Wednesday and a volume of $5.9 million, the overall sentiment remains negative. Ripple Labs CEO Brad Garlinghouse has been vocal about the urgent need for regulatory clarity in the market but has not addressed the current bearish trend directly.
The Crypto Fear & Greed Index, a key market sentiment gauge, has dropped to a concerning 11, indicating “Extreme Fear.” This marks a significant decline from earlier in the year when the index briefly surpassed 62, entering the greed category. Traders remain cautious amid these turbulent conditions.
