XRP's price fell by 6.5% on October 30, resulting in a market capitalization loss of nearly $11 billion, dropping from $159.2 billion to $148.5 billion. This decline was part of a broader market downturn affecting the top 10 cryptocurrencies, all of which saw significant losses. XRP's price hit $2.47, its lowest since the start of the week, matching Solana (SOL) in the steepest declines.
Additionally, approximately 4 million XRP, valued at over $10.5 million, was locked in escrow related to Flare’s Core Vault. The overall cryptocurrency market shrank by 4%, falling to $3.64 trillion, with Bitcoin also dropping 4% to briefly dip below $108,000.
XRP Price Drops 6.5%, Wiping Out $11 Billion in Market Cap
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