XRP Underperforms Following Evernorth's Public Debut

Despite the big public launch of Ripple-backed Evernorth (the largest public XRP treasury company), XRP underperformed the rest of the crypto market. As data from CoinGlass indicates, over the last 24 hours, XRP has declined by 3%. Currently, the price of XRP stands at $1.37. The market cap of XRP is about $86.4 billion. This decline follows bearish crypto market trends. The overall crypto market cap has dipped by 2.8%. However, XRP's drop is particularly bad in comparison with other top cryptos. While Bitcoin (BTC) is only declining by 1%, Ethereum (ETH) is declining by 0.5%.