Ripple’s Price Slips to $2.32 — Is This the Final Dip Before a Breakout?

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Ripple (XRP) is trading at $2.32, losing 4.39% in the past 24 hours. The pullback comes after XRP reached an intraday high near $2.44, then slipped to a low of $2.23. The market shows clear signs of short-term bearish momentum, although trading activity remains strong. Market cap now sits at $139.64 billion, down 4.38%, but the 24-hour volume jumped to $8.28 billion, up 29.67%, suggesting renewed trader interest.

XRP Faces Selling Pressure but Buyers Defend Key Support Zone

The price chart reveals a consistent downward slope through most of the 24-hour window. XRP started near $2.49 and gradually dipped as sellers dominated. Each bounce attempt failed to hold, pushing the price closer to the day’s low. However, the chart shows a mild late rebound, indicating buyers are slowly returning near support levels. While the recovery is not yet strong enough to change the trend, it signals that demand remains around the $2.23–$2.28 zone.

_{Source: CoinMarketCap}

XRP maintains a circulating supply of 60.1B XRP, with a total supply of 99.98B and a maximum supply of 100B. The Vol/Mkt Cap ratio sits near 5.98%, reflecting healthy liquidity. Meanwhile, the number of holders remains steady at 489.31K, showing consistent investor confidence despite short-term price pressure.

Additionally, XRP still trades far below its all-time high of $3.84 from January 2018. However, it remains significantly above its all-time low of $0.002802, which highlights its long-term resilience. The recent declines appear more tied to intraday profit-taking rather than fundamental weakness.

Outlook: Cautious but Not Bearish

Momentum remains soft, but rising volume hints at a potential shift. If XRP holds above $2.23, the price could attempt another move toward $2.40. Yet, if selling intensifies, XRP might revisit the lower end of the $2.20 range.

For now, traders are closely watching the growing volume. If it continues increasing, XRP could be preparing for a stronger recovery wave. However, bears still control the short-term trend, and price stability remains the key factor to monitor.

Lanre Durojaiye

Mr. Durojaiye Olusola is a finance graduate and cryptocurrency writer with over a year of experience providing market insights and clear, well-researched analysis. Dedicated to helping readers understand blockchain trends and digital asset developments.