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XRP Loses $6 Billion in Market Cap as Price Falls Below $2

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XRP
$1.91456-0.56%
XRP lost over $6 billion in market cap on Thursday, December 11, as on-chain analysis showed the price dropped below $2. On-chain data revealed heavy selling from large holders, with more than 500 million XRP moved from whale wallets in a week. The token fell 3.57% in 24 hours to $1.99. XRP’s market cap dropped to $120.39 billion from $126.65 billion. The move came after the Fed cut rates by 25 basis points, which failed to boost risk assets. Network activity remains weak, and technical indicators show fading momentum. Despite the decline, XRP-related ETFs recorded weekly inflows of about $190 million.
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