XRP Market Cap Plummets by $29 Billion as Q1 2026 Ends with 27% Decline

XRP closed Q1 2026 with a significant 27% decline, resulting in its market capitalization plummeting by $29 billion to settle at $83 billion. This current valuation represents a 55% collapse from the all-time high recorded in July 2025. However, new data from CoinGlass indicates growing optimism among top-tier traders on the Hyperliquid platform regarding XRP's performance in April. Specifically, high-profit traders classified as 'Money Printers' are showing a distinct tilt toward buying positions. Amidst these shifting sentiments, Evernorth is proceeding with plans to launch native XRP lending on the XRPL to capture a projected $100 billion opportunity. Simultaneously, RippleX continues its privacy technology research to enhance institutional appeal, supported by the OCC Trust Bank framework. Investors are now closely watching if this renewed buying interest will trigger a recovery following the sharp Q1 correction.