The plunge pushed XRP's market cap down to about $9 billion or 1.32% of the total crypto market value.
XRP dropped 20% in value, amid reports coming from Coinbase, on suspending XRP trading in the coming days.
This pushed XRP’s market value to $16.6 billion or 2.57% of the total cryptocurrency market value.
XRP traded at $0.26406, recording losses of 61.45%, turning out to be the biggest one-day percentage drop since May 28, 2015.
An unknown whale moved 15,022 BTC in block 662,678 estimated to be roughly worth about $281 million.
XRP was trading at $0.40482 down 30.01% on the day, turning out to be the largest one-day percentage loss since March 12.
Ripple's XRP lost about 14% on reports that it will have to defend itself against a lawsuit from the US SEC.
At the time of writing, XRP traded at $0.57077 gaining 20.12% on the day, its largest daily percentage gain seen since 2017.
Ripple is presently the third most valuable crypto with a market value of $20.5 billion.
About 230 million XRP in just 3 transactions were transferred within a few hours ago.