XRP Shows Signs of Rebound but Declining On-Chain Activity Signals More Risk Ahead

XRP is experiencing a rebound after recent losses, but indicators suggest further challenges may lie ahead. Trading at $2.25 as of press time, XRP (XRP) has surged by 3.8% over the past day, reaching near its weekly high around $2.29. Trading volume has increased dramatically to nearly $2.65 billion in the last 24 hours, a notable 180% rise from yesterday. This increase in volume may indicate stronger conviction among market participants, although it’s important to note that rising volume alone doesn’t guarantee sustained growth.