Ripple's XRP experienced a 1.71% decline, dropping to $2.20 on Thursday, as trading volume contracted sharply. This retreat from $2.23, coupled with a 16.44% reduction in daily turnover to $2.01 billion, signals a bearish divergence that often precedes trend reversals. Despite the pullback, XRP maintains a 3.88% weekly gain, with its market capitalization holding steady at $129 billion. The cooling interest in the digital asset raises questions about its near-term trajectory, even as it continues to show resilience in the broader market context.
XRP Price Dips Amid Declining Volume, Signaling Potential Trend Reversal
Ripple's XRP slid 1.71% to $2.20 on Thursday, extending its retreat from $2.23 as trading volume contracted sharply. The digital asset saw 16.44% fewer dollars change hands, with daily turnover falling to $2.01 billion—a bearish divergence that often precedes trend reversals.
Despite the pullback, XRP maintains a 3.88% weekly gain with its market capitalization holding at $129 billion. The cooling interest comes as PancakeSwap, Lido DAO and TRON outperform while meme coins like Fartcoin and dogwifhat lead losers.
Market technicians note such price-volume discrepancies frequently foreshadow directional shifts. The current setup suggests waning momentum after XRP's recent rally, with macroeconomic uncertainties and project-specific developments potentially weighing on sentiment.
XRP Extends Decline as Bearish Sentiment Prevails
XRP fell 3% amid sustained selling pressure, breaching critical support levels to trade at $2.20. The descent marks a 9.11% weekly loss as traders exited positions following a 1.2 million volume spike, reflecting deteriorating market confidence.
Ripple's infrastructure plays—including its RLUSD stablecoin and Hidden Road acquisition—aim to bridge crypto with traditional finance. Concurrently, partnerships with UAE regulators on tokenized real estate and China's Webus SEC filing for a $300 million XRP-focused fund highlight institutional engagement.
Technical analysis reveals stiff resistance at $2.265-$2.270, with the token trapped in a descending channel. The $6 billion market cap erosion underscores the challenge of sustaining momentum during global volatility.
Chinese Firm Webus International Files $300M XRP Treasury Plan with SEC, Sparking Market Rally
Hangzhou-based Webus International Limited has filed a $300 million digital asset management agreement with the U.S. Securities and Exchange Commission, signaling institutional adoption of XRP. The AI-driven mobility company partnered with Samara Alpha Management to establish a framework for crypto operations, including XRP-powered international payments for its chauffeur services.
The filing comes as XRP shows renewed momentum, with experts citing regulatory progress as a key driver. Market volatility persists across the cryptocurrency sector, but Ripple's ongoing legal clarity appears to be attracting institutional interest. Webus' strategic move demonstrates how compliant crypto integration is becoming operational reality for global enterprises.
XRP Price Enters Critical Accumulation Phase as $2.08 Support Holds the Key
XRP shows familiar signs of prolonged accumulation, mirroring patterns from early 2024 that preceded significant breakouts. Crypto analyst Unichartz notes the current phase began in May, with historical precedent suggesting potential for explosive upside—though timing remains uncertain.
The altcoin's notorious tendency for drawn-out consolidation periods demands investor patience. 'History suggests this kind of accumulation can often lead to explosive upside—but patience is key here,' Unichartz cautioned, advising against premature position-building until clear breakout confirmation emerges.
