XRP Price Plummets After Brief Rally: What’s Next?

While a recent surge in optimism propelled XRP towards new heights, momentum has abruptly shifted. Prices are taking a dive, and trading volumes are dwindling. This sudden reversal raises questions about the future trajectory of this crypto, with some experts speculating on a temporary pause or a deeper market decline. 24-hour trading volume dropped by more than 40%, reaching $3.23 billion. The RSI indicator shows signs of stagnation, hinting at a loss of momentum. Despite the market correction, the XRP network continues to grow, with around 3,500 new wallets created daily, demonstrating ongoing adoption and interest in the asset.