XRP has experienced a significant decline in market capitalization, losing $98 billion since its peak on July 22, 2025. The cryptocurrency's market cap fell from $210.4 billion to $112.8 billion as of December 26, with XRP trading around $1.86, according to CoinMarketCap. The token struggled to maintain its value above $3 following a summer surge, leading to increased selling pressure. Despite the approval of Spot XRP ETFs and high trading volumes, the broader crypto market continues to face a downward trend. This decline highlights the volatility and challenges within the cryptocurrency sector as investors reassess their positions amid fluctuating market conditions.