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XRP market value drops $61.1B, falling 42.6% amid price decline despite higher supply

Market News
27 Oct 2026, 15:57 WIB
Crypto Economy
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Bearish
XRP market value drops $61.1B, falling 42.6% amid price decline despite higher supply

XRP's circulating market capitalization fell by about $61.14 billion year over year, a 42.6% decrease. This drop occurred despite an increase in circulating supply, as the price of XRP declined roughly 45.5%. The significant loss in market value highlights challenges for XRP investors amid market volatility. The news comes alongside Evernorth's trading debut on Nasdaq, but the two events are unrelated.

As of Oct 27, 2026 20:03 WIB, XRP trades at Rp23.764 on Pluang, showing a 1.42% gain over the past day. The circulating supply stands at 63.4 billion XRP, representing 64% of the total 100 billion XRP. Despite the year-over-year market cap drop noted in the news, XRP's market cap on Pluang remains at Rp1.495,5 trillion, with a high sell order activity of 84%.

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