XRP saw a sharp decline on Friday, mirroring a volatile week for the cryptocurrency market, which experienced a notable 11.68% drop in total market capitalization, falling to $3.14 trillion over the past 24 hours. XRP alone relinquished nearly 20% of its recent gains in this timeframe.

Notably, the drop was attributed to a combination of typical on-chain profit-taking and reports that U.S. Federal Reserve Ch...