XRP Holds Ground Despite Market Volatility

Despite a tumultuous crypto market and recent shifts in trading activity, Ripple’s native cryptocurrency, XRP, has remained relatively stable. Early this week, XRP saw a 1.6% increase, reaching around $2.20, but trading volume decreased significantly by 22.9%. The token peaked at $2.35 on May 27 before dipping to $2.11 on May 31 and settling back at its current price level. A broader market cooldown on Tuesday did little to alleviate uncertainty surrounding Ripple’s recent transfer of 130 million XRP tokens, attributed to institutional liquidity optimization.