XRP Faces Volatility Amidst Trading Slump

Ripple’s XRP has experienced a notable decline, dropping over 5% and falling below the $2.23 mark. This dip follows a significant drop in trading activity, with daily volumes decreasing by 37% to reach $1.51 billion. Market sentiment remains cautious, as the Relative Strength Index (RSI) sits at 40.82, lacking definitive support signals. However, some investors remain optimistic, aiming for a target price of $4 on Deribit. 🔎