XRP trading activity has erupted, with 24-hour volume skyrocketing by 37.41% to reach a remarkable $4.9 billion, according to CoinMarketCap. This sharp uptick in volume signals a wave of renewed interest from investors, even as the broader crypto market struggles with volatility and uncertainty.
This volume increase arrives at a time when market-wide bearish sentiment has triggered sharp price corrections across major cryptocurrencies. Over the weekend, Bitcoin slipped below the $100,000 mark, Ethereum lost 10% of its value, and XRP dropped to multi-month lows. As panic spread, crypto liquidations soared past $1.01 billion, compounding the downturn.
XRP Regains Ground After Weekend Slump
On Sunday, XRP briefly fell to a low of $1.90, marking its lowest price in over ten weeks. However, bulls quickly stepped in, and the token recovered back to the $2 level in early Monday trading. This price point has now become a crucial psychological and technical support zone, reinforced by increased buying pressure and a noticeable decline in sell-side volume.
The swift recovery indicates that traders continue to view the $2 level as a stronghold, at least in the short term. Analysts are watching closely to see whether this level will hold or give way under further market stress.
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Price Outlook: Bulls and Bears Eye Critical Levels
XRP had previously consolidated between $2 and $2.65, but Sunday’s breakdown confirmed increased bearish momentum. For now, the $2 and $1.90 price levels remain vital areas of interest. If XRP fails to stay above $1.90, it could risk a deeper decline toward the next major support at $1.61.
Buyers are likely to defend the $1.61 level aggressively. However, a breach could push XRP lower, potentially testing the $1.28 zone. On the other hand, a sustained recovery above $2 could shift momentum in favour of the bulls. In that case, XRP may attempt to climb toward its moving averages, where sellers are expected to mount strong resistance.
Conclusion: Volatility Returns as Bulls Hold the Line
Despite market chaos, XRP has shown resilience around the $2 threshold. The surge in trading volume highlights growing investor interest, even as the market faces headwinds. Whether bulls can turn this volume into upward price momentum remains the key question in the coming days.
