XRP Crash? $7 Billion Wiped out in 24 Hours
XRP has just lost over $7 billion in market capitalization, falling from $215 billion to around $208 billion in less than a day — its biggest one-day loss for weeks. This decline coincided with a broader cooling-off period on the crypto market, with the global market cap falling by 1.1% and over $556 million being liquidated across trading platforms.
Even Bitcoin was not spared, with the first ETF outflow since early June being recorded.
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The hourly candles tell the story clearly. XRP experienced its worst hourly sell-off of the day, dropping from $3.51 to $3.42 before partially recovering.
This pullback is due not only to local volatility but also to a familiar post-euphoria lull. Just as activity dipped after the regulatory buzz of Crypto Week, the current silence has left the market vulnerable to minor shocks and opportunistic profit-taking.
It is not unusual to see a correction after XRP price gained over 50% in 13 days, especially given that it is already a coin with a market cap in the hundreds of billions of dollars.
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There were also warning signs, as altcoin open interest has once again approached Bitcoin’s share — a pattern that has preceded sharp corrections in the past. Historically, when altcoin exposure grows too quickly relative to Bitcoin, it is followed by a wave of deleveraging.
With XRP struggling to regain its earlier highs and markets awaiting macroeconomic signals, this may not signal the end of the bull run.
However, it could indicate a pause in the overheated chase that has characterized the market recently.