XRP wipes out over $22 billion in a week; Is the rally over?
XRP has erased more than $22 billion in market capitalization over the past week, a sobering reversal for one of 2025’s standout altcoins. Data retrieved by Finbold from CoinMarketCap shows its market cap plunging from roughly $205.9 billion on July 23 to $183.4 billion as of July 30, a 10% drawdown that reflects both profit-taking and structural weakness across the broader altcoin complex. XRP 1-week market cap. Source: CoinMarketCap The price action tells the same story. After briefly touching $3.47, XRP plunged below the psychologically critical $3 level on July 24, printing a low of $2.99 before clawing back to $3.09 at press time. That breach of $3, however brief, will not go unnoticed by traders, many of whom now view that level as a battleground between opportunistic buyers and momentum-driven sellers. XRP ledger and open interest Derivatives markets underscore the cooling sentiment. CoinGlass data reviewed by Finbold shows open interest in XRP futures ...