XRP has seen its market capitalization plunge by $13 billion over the last seven days amid fearful cryptocurrency sentiment driven by retail pessimism following a sustained bearish outlook.
XRP’s market cap had fallen from $80.99 billion on November 3, 2026, to approximately $60.99 billion on November 10, according to data Coinpedia fetched from CoinMarketCap.
XRP performance on Tuesday. Source: CoinMarketCap
At the time of reporting, XRP had an average 24-hour trading volume of $2.74 billion, down 21.2% on the day. As the token’s demand decreased, its price declined in tandem to about $1.06 at the time of writing.
Why is XRP down over the past 7 days?
XRP’s market cap plummeted over the past seven days, catalyzed by the broader bearish crypto sector. Although XRP was among the top cryptocurrency losers over the past seven days on Tuesday, all the leading crypto assets faced choppy conditions during this period.
Performance for the top 10 crypto assets by market capitalization. Source: CoinMarketCap
For instance, Bitcoin (BTC) and Ethereum (ETH) had dropped roughly 5.4% and 10.9%, respectively, over the past seven days. At the time of publication, Solana (SOL), Hyperliquid (HYPE), and Zcash (ZEC) had shrunk by 11.36%, 16.43%, and 15.33%, respectively.
As a result, XRP experienced heightened selling pressure over the past week amid the broader crypto selloff. Furthermore, the token’s spot exchange-traded funds (ETFs) posted their highest daily cash outflow in a year on Monday.
Spot XRP ETFs daily cash flow. Source: SoSoValue
The ETFs registered a net cash outflow of $10.42 million on November 9, as per metrics from SoSoValue. As such, these funds had around $1.24 billion in total net assets, which represents 1.78% of XRP’s market cap.
A reversal in the broader crypto market and renewed demand from spot ETFs could stir the token’s next bull run.
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