XRP was trading at $0.43370 by 21:24 (01:24 GMT) on the Index on Thursday, down 10% on the day. It was the largest one-day percentage loss since October 2.
The move downwards pushed XRP's market cap down to $17.78B, or 8.43% of the total cryptocurrency market cap. At its highest, XRP's market cap was $79.53B.
XRP had traded in a range of $0.43370 to $0.46574 in the previous twenty-four hours.
Over the past seven days, XRP has seen a drop in value, as it lost 16.56%. The volume of XRP traded in the twenty-four hours to time of writing was $460.52M or 3.57% of the total volume of all cryptocurrencies. It has traded in a range of $0.43370 to $0.53257 in the past 7 days.
At its current price, XRP is still down 86.82% from its all-time high of $3.29 set on January 4.
Elsewhere in cryptocurrency trading
Bitcoin was last at $6,310.0 on the Index, down 4.86% on the day.
Ethereum was trading at $204.79 on the Index, a loss of 12.35%.
Bitcoin's market cap was last at $112.28B or 53.23% of the total cryptocurrency market cap, while Ethereum's market cap totaled $21.55B or 10.22% of the total cryptocurrency market value.