Ripple (XRP) price drops and trades at $2.02 at the time of writing on Monday, falling from $2.08 and marking a 2.94% decline in the last 24 hours. The daily trade volume climbed by 66.52% to hit $5,084,954,748.42. Volume increase amidst a price decline can be interpreted as profit-taking or repositioning by crypto traders ahead of the next move in XRP price.
XRP gained 7.85% in the last 7 days, and the total market capitalization currently hits $118,913,772,023.20.
In the last 24 hours, Story, Four and Sonic rallied, emerging as top gainers while Jito, Filecoin, Aerodrome Finance declined, ranking as top losers in the market.
Cryptocurrency prices FAQs
How do new token launches or listings affect cryptocurrency prices?
Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.
