XRP Takes a Breather After Surge—Traders Prep for Next Big Play

XRP’s recent rally hits pause—now traders are sharpening their strategies for the next volatility wave. The asset cooled off after a 20% weekly gain, leaving markets whispering about whether this is consolidation or exhaustion.

Watch the $0.55 resistance level like a hawk. Breakthrough? Bullish confirmation. Rejection? Another ’buy the rumor, sell the news’ circus act—classic crypto theater.

Meanwhile, institutional players sip coffee, unfazed. Retail traders? Already leveraged to the tits, naturally.

In Brief

• XRP undergoes a sharp correction after reaching a peak of $2.65 on May 14.
• In just 24 hours, trading volumes dropped by more than 40 %, falling to $3.23 billion.
• Several technical indicators signal a loss of momentum, with RSI indicating a stagnation phase.
• The XRP network continues to grow, with about 3,500 new wallets created daily despite the market correction.

XRP Falters : Volumes Freefall and Price Under Pressure

XRP has just recorded a significant deterioration in its liquidity indicators. According to CoinMarketCap data, XRP’s trading volumes plunged more than 40 % in 24 hours, down to $3.23 billion.

This sudden liquidity contraction comes as XRP marks its fourth consecutive day of decline, beginning after a local peak at $2.65 on May 14.

Currently, the crypto is trading at $2.36, down 3.43 % for the day. This pullback occurs amid a retreat in the crypto market, affected by global economic uncertainties.

The overall market has dropped to $3.27 trillion, erasing recent gains after reaching a weekly high.

Several key factors illustrate the loss of momentum in XRP :

• The price steadily declining since May 14, falling from $2.65 to $2.36 ;
• Trading volume reduced by 40 % in 24 hours, amounting to $3.23 billion ;
• Price drop to $2.31 recorded on Saturday morning ;
• RSI index slightly above 50, indicating a stagnation phase between $2 and $2.65 ;
• A negative macroeconomic context, affecting the entire crypto market.

This bearish sequence calls into question the strength of the recent bullish rally. The repeated rejection of $2.65, twice (on May 12 and 14), seems to have strengthened short-term sell positions. The market now appears to be entering an observation phase, seeking new directional signals.

Rising Speculative Leverage and Strong Adoption

While spot volumes and price are weakening, some indicators show a very different picture of the current situation. Indeed, open interest on XRP futures has jumped 41.6 % in one week, rising from $2.42 billion to $3.42 billion.

This increase in leverage indicates a significant rise in speculative activity, even as the price was losing momentum. Such a surge in leverage coincides with the recent rally in the price of the Ripple crypto, signaling strengthened directional conviction among traders.

This is a strong signal. Despite the drop in spot trading, futures players are taking positions en masse, potentially expecting a rebound or bullish breakout.

Also, the creation of new XRP wallets remains particularly dynamic, with about 3,500 addresses generated daily on average. This trend suggests that adoption and interest in XRP have not faded, even amid the market correction.

However, it is too early to determine whether these address creations come from retail investors seeking to accumulate on the dip or opportunistic actors riding crypto market volatility.

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