XRP has experienced a notable 37% decline in trading volume following a recent price surge, signaling a market cooldown rather than a bearish reversal. The reduced activity reflects typical weekend liquidity patterns and aligns with broader cryptocurrency market trends.
The token’s price retreated from $3.70 to $3.18 amid the volume contraction, with technical indicators maintaining a bullish outlook. Both the 200-day and 21-day Exponential Moving Averages continue to support XRP’s upward trajectory, reinforcing positive market sentiment.
Further technical analysis shows the Relative Strength Index cooling to 62 from previous overbought territory. This moderation indicates healthy market consolidation, providing space for potential renewed momentum without immediate overheating concerns.
The volume decrease mirrors broader market behavior, with major cryptocurrencies like Bitcoin and Ethereum showing similar reduced activity patterns. This synchronized cooling across assets suggests a general pause in trader participation rather than asset-specific concerns.
Market analysts emphasize that XRP’s near-term trajectory depends on midweek liquidity developments. Sustained support above the $3.00 threshold remains critical for preserving bullish momentum as trading activity normalizes.