XRP Navigates Lower Trading Volumes Amidst Ripple Transfer Uncertainty

Despite a notable dip in trading volume, XRP displayed resilience this week, stabilizing around $2.20 after an initial 1.6% price increase. The cryptocurrency reached its peak at $2.35 on May 27 before dipping to $2.11 by May 31. However, the overall market cooldown on Tuesday was not enough to fully overcome the uncertainty sparked by Ripple’s recent transfer of 130 million XRP across multiple wallets.