Ripple succumbed to the wider crypto sell-off on Friday, after having moved past the $1 mark for the first time in its history on Thursday.
As at 0841 GMT, Ripple was trading at around $0.93, around 18% lower on the session.
However, the cryptocurrency is still up by around 25% over the past seven days.
Following months of sideways trading Ripple saw its price spike 40% in 24 hours; it was trading at around the $1.15 level on Thursday.
While this week´s gains in Ripple appear to be trading related, the cryptocurrency has also seen some positive news flow over recent weeks.
In November, Standard Chartered and Axis Bank said they were launching a new cross-border, Ripple-orientated payments platform.
American Express also announced it would use Ripple´s network to connect Santander clients in Europe and the US.
Meanwhile, bitcoin is down by around 25% over the past week. It had lost just over 14% in Friday´s trading session, trading at around $13,300.