At press time, Ripple is trading around the $2.65 mark, posting a modest 4.7% intraday increase. This is accompanied by a 40% drop in trading volume, with about $7.7 billion worth of Ripple traded across exchanges in the last 24 hours, indicating lower market participation as investors wait for the dust to settle after a bearish start of the week.
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Despite buying activity slowing down, Ripple’s current support is holding fairly well, especially when taking into account how other majors, like Solana, saw pretty much all of their recent gains evaporate.
Ripple’s daily RSI is currently in neutral territory, standing at 48 points. This suggests that Ripple is now range-bound, and the possibility of sudden steep moves in either direction is reduced.
However, this could change at any given moment, as Ripple has demonstrated to be highly susceptible to real-world developments and news, such as the recent Trump announcement that propelled its price to a local peak of $2.93.