CoinDesk 20 Index Update: XRP Price Drops 4.5% Amid Broad Crypto Market Decline

The CoinDesk 20 (CD20), a benchmark index tracking major digital assets, recorded widespread losses in its latest performance update. Ripple's XRP token was among the notable decliners, shedding approximately 4.5% of its value. This downward movement for XRP mirrored a broader trend, as nearly all assets within the index closed the period in negative territory. The collective decline highlights a period of market-wide correction and selling pressure across the leading cryptocurrencies. Analysts monitor such CD20 index movements as a key indicator of overall market health and investor sentiment in the digital asset space.