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XRP Trading Volume Plunges 24% to $1.78B – What’s Fueling the Drop?
XRP, one of the crypto market’s most closely watched assets, is making headlines again—but not for the reason investors hoped. In the last 24 hours, XRP’s trading volume has dropped sharply by 24%, sliding to $1.78 billion, according to data from CoinMarketCap.
This marks a significant decline, especially considering that XRP had consistently maintained daily volumes between $3 billion to $5 billion in recent weeks. Just days ago, the token reported a $3.5 billion volume, making the recent figure a noticeable deviation.
Why Is XRP Volume Dropping?
While there’s no confirmed trigger, several key factors may be contributing:
Market-Wide Caution: A broader wave of profit-taking and risk-off sentiment is hitting the crypto sector. With several major tokens—including XRP—showing signs of consolidation or slight losses, many traders are opting to sit on the sidelines.
Upcoming Fed Decision: Eyes are now on the U.S. Federal Reserve’s policy meeting on May 6–7. With expectations of no rate change—but possible cuts in June—investors are waiting for macro clarity before making bold moves. This cautious environment naturally suppresses trading volume.
Price Stagnation: XRP has been moving sideways in recent sessions, leading to a cooldown in excitement and momentum. Without a decisive breakout or selloff, traders appear reluctant to enter new positions.
What’s Next for XRP Price?
At press time, XRP is trading at $2.20, down 0.22% over the past day—mirroring the broader market’s muted movement.
bears. There’s no dominant trend for now.
Upside Scenario:
If buyers push the price above $2.60, XRP could be set for a strong move toward the $3 mark—a level that could trigger renewed momentum and volume.
$XRP
$BNB
$BTC
XRP, one of the crypto market’s most closely watched assets, is making headlines again—but not for the reason investors hoped. In the last 24 hours, XRP’s trading volume has dropped sharply by 24%, sliding to $1.78 billion, according to data from CoinMarketCap.
This marks a significant decline, especially considering that XRP had consistently maintained daily volumes between $3 billion to $5 billion in recent weeks. Just days ago, the token reported a $3.5 billion volume, making the recent figure a noticeable deviation.
Why Is XRP Volume Dropping?
While there’s no confirmed trigger, several key factors may be contributing:
Market-Wide Caution: A broader wave of profit-taking and risk-off sentiment is hitting the crypto sector. With several major tokens—including XRP—showing signs of consolidation or slight losses, many traders are opting to sit on the sidelines.
Upcoming Fed Decision: Eyes are now on the U.S. Federal Reserve’s policy meeting on May 6–7. With expectations of no rate change—but possible cuts in June—investors are waiting for macro clarity before making bold moves. This cautious environment naturally suppresses trading volume.
Price Stagnation: XRP has been moving sideways in recent sessions, leading to a cooldown in excitement and momentum. Without a decisive breakout or selloff, traders appear reluctant to enter new positions.
What’s Next for XRP Price?
At press time, XRP is trading at $2.20, down 0.22% over the past day—mirroring the broader market’s muted movement.
bears. There’s no dominant trend for now.
Upside Scenario:
If buyers push the price above $2.60, XRP could be set for a strong move toward the $3 mark—a level that could trigger renewed momentum and volume.
$XRP
$BNB
$BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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