XRP Cooldown? Volume Drops 42% Ahead of Key Price Action

Key Points

1. XRP recently reached a record high of $3.666 after seven years but has since dropped 8.44% in the last week, trading at $3.18.

2. Trading volume for XRP has declined by 42% to $4.04 billion, indicating a cooling-off period.

3. The price found support at $2.96 and has been fluctuating between $3 and $3.24, suggesting consolidation.

4. Market participants are awaiting the next major move, with some indicators like Bollinger Bands hinting at a bullish scenario.