XRP's 7-day loss reached 14%, while Cardano's ADA led the top ten coins with a 19% negative price movement.
XRP and ADA Record Double-Digit Weekly Losses
On Tuesday, Dec. 10, XRP briefly dropped to $2.14, an almost 20% plunge from its Monday peak of $2.61. The decline mirrored a broader market correction, as bitcoin (BTC) also briefly dipped to $94,000. According to News, this market volatility resulted in over $1.5 billion in liquidated long and short positions.
While BTC played a key role in the crypto market's 6% drop, its own price movement over the past week shows a loss of just under 3%.
However, XRP, despite being a strong performer for most of December, was trading around $2.23 – 6% lower than its 24-hour peak. Compared to its USD price a week earlier, XRP's losses climb to 14%.
Data from Coingecko reveals that XRP's 7-day performance makes it one of only two top-ten digital assets experiencing double-digit losses. Cardano's ADA, which briefly fell below $1, leads the top ten with a negative 7-day price movement of 19%. Although ADA, along with other top coins, appeared to be recovering at the time of writing, it was still 19% below its Dec. 3 value of $1.28.
At the time of writing (Dec. 10, 07:30 am EST), solana (SOL) and dogecoin (DOGE) were the only other top-ten coins with negative seven-day gains.
In contrast, Binance's BNB led among the top-ten coins with positive seven-day gains of 8%, followed by ethereum (ETH), which breached the $4,000 mark on Dec. 6, with a 4.3% gain. Lido Staked Ether (sETH) had the third-highest gain at 4.2%, with BTC occupying the fourth spot at 2.6%.
Meanwhile, Quantum Resistant Ledger (QRL) topped the highest-gaining coins on Dec. 10 with an approximately 150% jump. Meme coin Koma Inu came in second with a gain of almost 140%, while GRIFFIN was the next highest-ranked with a 122% gain. On the losing side, comedian (BAN) topped with a negative gain of 28%, followed by HUMAN protocol, which shed 23%.