XRP was trading at $0.38980 by 21:26 (01:26 GMT) on the Index on Friday, down 11% on the day. It was the largest one-day percentage loss since October 11.
The move downwards pushed XRP's market cap down to $15.52B, or 7.86% of the total cryptocurrency market cap. At its highest, XRP's market cap was $79.53B.
XRP had traded in a range of $0.37824 to $0.39322 in the previous twenty-four hours.
Over the past seven days, XRP has seen a drop in value, as it lost 26.42%. The volume of XRP traded in the twenty-four hours to time of writing was $780.12M or 5.06% of the total volume of all cryptocurrencies. It has traded in a range of $0.37822 to $0.52183 in the past 7 days.
At its current price, XRP is still down 88.15% from its all-time high of $3.29 set on January 4.
Elsewhere in cryptocurrency trading
Bitcoin was last at $6,262.8 on the Index, down 1.34% on the day.
Ethereum was trading at $194.87 on the Index, a loss of 6.07%.
Bitcoin's market cap was last at $108.43B or 54.88% of the total cryptocurrency market cap, while Ethereum's market cap totaled $19.56B or 9.90% of the total cryptocurrency market value.