⬛ 𝗫𝗥𝗣 𝗥𝗘𝗖𝗢𝗩𝗘𝗥𝗦 𝗔𝗕𝗢𝗩𝗘 $𝟮.𝟭𝟴, 𝗕𝗨𝗧 𝗧𝗥𝗔𝗗𝗜𝗡𝗚 𝗩𝗢𝗟𝗨𝗠𝗘 𝗧𝗔𝗞𝗘𝗦 𝗔 𝗗𝗜𝗩𝗘
📈 XRP bounced back this weekend after a short-term dip earlier in the week, offering a breather to holders.
On Friday, the price surged to $2.192 from support at $2.08, and is now hovering around $2.18, up 2.18% in 24 hours.
🔻 However, the excitement is tempered by a sharp 49% drop in 24-hour trading volume, down to $1.76 billion, according to CoinMarketCap. This volume decline raises caution among traders watching for a confirmed reversal.
🔸 Key Resistance Zones & Technical Outlook
🔹 Resistance Levels: XRP faces strong resistance at the $2.50–$2.60 zone
🔹 Moving Averages to Watch:
• 50-day MA: $2.26
• 200-day MA: $2.34
📉 A break above both MAs could trigger momentum for another rally.
🔺 XRP is currently trading inside a symmetrical triangle, indicating potential breakout conditions if volume returns.
🔹 What’s Fueling Speculation?
⚠️ A mix of fundamental news and speculative catalysts is shaping XRP’s price behavior:
✅ $300M XRP Treasury Initiative
China-based Webus International filed with the SEC to launch a corporate treasury program using XRP, signaling growing institutional interest.
✅ Ripple’s RLUSD Stablecoin Greenlit in Dubai
Regulatory approval for RLUSD is expected to benefit the XRP Ledger ecosystem and increase real-world utility.
🧠 Spot XRP ETF Decision Looms
All eyes are now on Franklin Templeton’s proposed XRP ETF, with a decision expected by June 17.
A green light could open the doors for institutional capital inflow and improved liquidity.
🧭 Final Thoughts
Despite the price recovery, the volume drop is a red flag for now. Traders await confirmation through increased participation and ETF-related news.
A breakout remains on the table—but only if the bulls can bring the volume back.
#xrp #etf #MarketPullback #Volume #predictons $XRP $ETH