XRP price plummets wiping out $10 billion overnight
XRP holders are facing fresh losses after the token slumped sharply overnight, erasing more than $10 billion in market value as both retail and whale selling cascaded through the market. At press time on October 14, XRP was changing hands at $2.46, down 6.56% in the past 24 hours and more than 16% over the past week. The token’s market capitalization has fallen from $178 billion seven days ago to just $147.8 billion, underscoring the speed and depth of the decline. XRP 1-week price chart. Source: Finbold The sell-off comes amid a perfect storm of regulatory, technical, and macroeconomic pressures. In the United States, delays and uncertainty surrounding spot crypto ETF approvals continue to cloud sentiment, with reports of internal staffing changes at the Securities and Exchange Commission raising further doubts about the timeline. At the same time, renewed tariff tensions between Washington and Beijing have weighed on risk assets across the board, forcing investors to...