Warning: XRP risks crashing below $1 as $4 billion erased

XRP has fallen 5.4% over the past 24 hours and trades at $1.1 on Monday, November 9, underperforming a declining cryptocurrency market following a technical breakdown. As a result, XRP’s market capitalization has lost another $4.39 billion, falling from $73.74 billion to $69.35 billion over the period in question. The decline began in earnest with an $8 billion wipe-out on Friday, which triggered consecutive bearish trading sessions, eventually pushing the asset to its current price. Selling activity accelerated alongside the decline, with 24-hour trading volume surging 150%, suggesting stronger selling conviction among market participants. XRP underperforms the crypto market As things stand, XRP is significantly underperforming the broader market.

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