XRP Slips 0.7% in 24 Hours as Price Hovers Near $1.88

Ripple’s XRP has seen renewed pressure over the past 24 hours, as price action softened despite strong trading activity. At the time of writing, XRP is trading around $1.88, reflecting a 0.72% decline on the day. While the drop appears mild, it signals hesitation after recent attempts to push higher.

Elevated Volume Persists Despite Pullback in Trading Activity

Over the last 24 hours, XRP traded within a clearly defined range. The price dipped to a low of about $1.77 before recovering toward an intraday high near $1.93. Early selling pushed XRP lower, but buyers stepped in quickly, preventing a deeper slide. Even so, the rebound lacked strength, leaving price capped below the $1.90 area.

_{24-hour price chart. Source: CoinMarketCap}

This behavior suggests short-term indecision. Bulls are defending downside levels, but sellers remain active on every bounce. As a result, XRP continues to move sideways with a bearish tilt.

Trading activity increased sharply during the session. XRP posted a 24-hour trading volume of approximately $4.68 billion, representing a 26.15% increase. Rising volume during a price decline often reflects distribution rather than accumulation. Traders appear to be actively rotating positions as uncertainty grows.

Market capitalization now stands at roughly $113.73 billion, down 0.72% in line with the daily price move. The volume-to-market-cap ratio of 4.11% points to healthy liquidity, but not enough to force a decisive breakout in either direction.

XRP Supply Structure Highlights Long-Term Valuation Constraints

XRP’s circulating supply sits at about 60.49 billion tokens, with a total supply of 99.98 billion and a maximum cap of 100 billion XRP. The fully diluted valuation is estimated at $188.01 billion, providing context for longer-term valuation expectations.

From a broader perspective, XRP remains about 51% below its all-time high of $3.84 recorded in January 2018. At the same time, it is still massively higher than its all-time low of $0.002802 set in 2014, underscoring its long-term resilience despite repeated cycles of volatility. Community sentiment remains notably optimistic. Around 87% of participants are bullish, while just 13% are bearish. This confidence may help limit downside risk in the short term, even as price struggles to regain momentum.

Looking ahead, the $1.85 to $1.90 zone will remain critical over the next 24 hours. A sustained break above resistance could revive bullish momentum. However, failure to hold support near $1.77 may invite deeper consolidation. For now, XRP appears stuck in a waiting phase as traders look for the next clear signal.

Lanre Durojaiye

Mr. Durojaiye Olusola is a finance graduate and cryptocurrency writer with over a year of experience providing market insights and clear, well-researched analysis. Dedicated to helping readers understand blockchain trends and digital asset developments.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.