XRP Plunges 56%, Market Sell-Off Continues

The cryptocurrency market is currently experiencing pressure, leading to a significant drop in XRP’s trading volume. As of Sunday morning, the fourth largest cryptocurrency by market cap has experienced a substantial decline, with its 24-hour trading volume plummeting by 56% to $2.25 billion according to CoinMarketCap data. This coincides with the broader crypto market experiencing a downturn, further fueling investor uncertainty and prompting many traders to step back from trading activity.