Ripple (XRP) has faced a challenging week, with its price dropping 7.97% to $2.40. The decline highlights a broader market cooldown after an earlier surge that pushed XRP to $2.62 during the week. Despite this, trading activity has increased sharply, showing renewed interest from both retail and institutional traders.
Over the last seven days, XRP’s price swung between $2.39 and $2.62, reflecting intense volatility. The token’s market capitalization now stands at $144.53 billion, marking a 4.58% decrease, while its 24-hour trading volume climbed to $3.81 billion, an impressive 87.42% jump. This suggests that despite the price pullback, market participation remains high as traders position themselves for the next move.
Technical Outlook
From a technical standpoint, XRP’s failure to hold above $2.50 triggered a fresh wave of selling pressure. The next key support level sits near $2.35, while a break above $2.55 could help the bulls regain momentum. The steady increase in trading volume indicates a potential for strong rebounds once market sentiment shifts.
7-day price chart Source: CoinMarketCap
Ripple’s (XRP) 7-day decline to $2.40 may signal short-term weakness, but the growing trading volume points to an active market preparing for the next phase. As XRP consolidates around current levels, investors are watching closely to see whether it can reclaim the $2.50–$2.60 zone, a critical area that could define its next major move.
Market Sentiment and Supply Metrics
XRP continues to hold strong fundamentals. It has a circulating supply of 60.1 billion XRP out of a maximum supply of 100 billion, making it the fourth-largest cryptocurrency by market cap. However, investor sentiment has been mixed amid profit-taking after recent gains.
Ripple’s long-term price range shows how far it has come. The token is still trading 37.36% below its all-time high of $3.84 set in January 2018, yet it is up a staggering 85,780% from its all-time low of $0.0028 in July 2014. These figures underline XRP’s resilience despite cyclical market corrections.
