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XRP drops 11.3% in steepest single-day fall since February

The cryptocurrency shed $0.19 in intraday trade, extending a volatile week that saw XRP gain nearly 47% before the sharp reversal. Bitcoin and Ethereum also declined.

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Marcus Webb · Crypto Desk · 23 Aug 2026 · 05:21 · 1 min read
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XRP drops 11.3% in steepest single-day fall since February

XRP fell 11.28% to $1.4745 by 05:00 GMT on Sunday, marking its largest one-day percentage decline since February 5, according to market data. The drop followed a seven-day rally that had pushed the token to a high of $1.6950, though it remained 59.66% below its July 18, 2025 record of $3.66.

Bitcoin

BTCUSD
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76234.4100▼ 1.09%
As of 23/08/2026, 00:00:00

Trading volume surged to $14.04 billion over 24 hours, accounting for 10.94% of total cryptocurrency turnover. XRP's market capitalization fell to $92.53 billion, down from a peak of $210.60 billion, and now represents 3.56% of the broader crypto market.

Bitcoin declined 1.98% to $76,932.10, while Ethereum dropped 4.05% to $2,414.03. Bitcoin maintained its dominant position with a 59.40% share of total crypto market capitalization, ahead of Ethereum at 11.19%.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Marcus Webb
Crypto Desk

Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.

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