XRP has experienced a significant decline in market capitalization, losing approximately $9.73 billion over four days. As of May 14, XRP's market cap stood at $95.39 billion, but it has since fallen to $85.66 billion. The cryptocurrency is currently trading at $1.38, marking a 4.5% decrease over the past week and a 2% drop in the last 24 hours.
The decline is attributed to XRP's strong correlation with Bitcoin, which has struggled to maintain levels above $75,000. Broader market factors, including geopolitical tensions and macroeconomic uncertainties, have also contributed to the bearish sentiment. Despite this, XRP ETFs have shown resilience, with net inflows of $60 million last week, marking the best performance since 2026. The total net inflows for XRP ETFs have reached $1.39 billion, recovering losses from earlier in the year.
XRP Market Cap Drops $9.73 Billion Amid Bearish Pressure
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