XRP Leads Crypto Losses as Ethereum, Dogecoin Prices Crater Alongside Bitcoin

Market Performance - XRP experienced a significant decline, dropping 15% in the last 24 hours and approximately 28% over the past week, trading at $1.30 [1] - Ethereum fell 6% on the day, losing about 30% of its value in the last week, trading at $1,985 [3] - Dogecoin decreased by 8% to $0.09, shedding nearly 19% over the past week [3] - BNB dropped 9% in the past day, losing 23% in the past week, trading at $666 [3] - Solana fell about 8% in the past day and is 27% lower than the previous week, trading at $85 [3] XRP Specifics - XRP's price dipped to $1.28, marking the lowest since November 2024, and it recorded the largest daily drop among the top 100 cryptocurrencies [2] - XRP trading volume surged by 57%, with over $11 billion worth of coins traded in the past 24 hours [5] - The liquidation of XRP derivatives contracts exceeded $47 million, with nearly $44 million being long positions [4] Market Capitalization and Company Holdings - The global crypto market capitalization fell by 7.4% to $2.37 trillion, down from a peak of over $4.2 trillion in September 2025 [6] - Evernorth, an XRP treasury firm, reported a $446 million unrealized loss on its XRP holdings, which have decreased in value to approximately $501 million since a $947 million purchase in late October [6][7] - XRP ETFs saw $5.9 million in volume and net inflows of $6.9 million on Wednesday, indicating a slowdown but not a complete withdrawal [7]