The post XRP Shows Signs of Recovery Amid Volume Drop Ahead of Potential ETF Decision appeared on BitcoinEthereumNews.com.

XRP, the fourth-largest cryptocurrency by market capitalization, is showing signs of recovery after recent declines, with a notable rebound in price and renewed investor interest. Despite the price uptick, a significant drop in trading volume raises questions about the sustainability of this recovery amid ongoing market uncertainties. According to COINOTAG, Ripple’s recent regulatory wins and upcoming ETF decisions are pivotal factors influencing XRP’s market dynamics. XRP rebounds to $2.18 amid volume decline; market eyes ETF approval and regulatory progress as key drivers for potential breakout. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); XRP Price Recovery and Market Dynamics Amid Volume Decline After experiencing two consecutive days of losses, XRP demonstrated a strong rebound on Friday, climbing to $2.192 following support at $2.08. This recovery marks a critical moment for the cryptocurrency as it attempts to regain momentum in a volatile market. Over the past 24 hours, XRP has increased by 2.18%, trading around $2.18, offering some relief to investors who faced recent price drops. However, this price recovery is tempered by a notable decline in trading volume, which fell by nearly 49% to $1.76 billion within 24 hours, according to CoinMarketCap data. This volume contraction suggests that while prices are moving upward, the underlying market participation is weakening, potentially signaling caution among traders. The current resistance zone between $2.50 and $2.60 remains a critical hurdle for XRP to…

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Filed under: News - @ June 7, 2025 11:16 am