XRP wipes out $19 billion of market value in a week
XRP is currently suffering a sharp correction in the final stretch of September, losing $18.94 billion in market value over the past seven days. The token dropped from a weekly high of $3.13, with a market cap of $187.24 billion, to $2.81 and $168.30 billion, marking a decisive break below the $3 psychological threshold losing 10.22% in value, as per data retrieved by Finbold from CoinMarketCap . XRP 1-week market cap. Source: CoinMarketCap The pullback coincided with a broader market sell-off that saw more than $1.5 billion in crypto positions liquidated between September 24 and 25, the largest single-day altcoin liquidation event in over a year. Much of the pressure came after Ethereum broke below the $4,000 threshold, triggering cascading liquidations across majors, with XRP caught in the crossfire. In the last 24 hours, XRP’s trading volume spiked 36.7% to $7.19 billion, though the activity was dominated by selling pressure. Notably, 58% of liquidations...