XRP plummets after reaching $2.65 on May 14

Fueled by renewed optimism, XRP seemed on track for new highs. However, within just a few sessions, the momentum abruptly broke. The price retreats and volumes collapse. In a tense crypto market, this sudden turn raises doubts about the strength of the bullish movement and poses questions about the future of the cycle. Is this just a simple technical pause or signs of a deeper correction?

In summary

XRP experiences a sharp correction after reaching a maximum of $2.65 on May 14.

In just 24 hours, trading volumes fell by more than 40%, reaching $3.23 billion.

Several technical indicators signal a depletion of momentum, with an RSI indicating a stagnation phase.

The XRP network continues to grow, with approximately 3,500 new wallets created daily despite the market correction.

$XRP