XRP holds at $2.20 with a 1.7% rise in 24 hours, despite a 22% trading volume drop, signaling consolidation amid mixed market signals.
The bridge cryptocurrency has maintained its marginal but consistent lead of 1.6% this week, currently trading at $2.20, despite a substantial decrease of 22.9% in its overall trading volume on Tuesday.
Despite the recent transfer of 130 million XRP tokens to multiple wallets by Ripple, the price of XRP remains steady at $2.20, mirroring the modest rebound in the overall crypto market on Tuesday. This has raised concerns among traders.
According to data from CoinGecko, the price has decreased by 7.3% in the past week, with a weekly all-time high of $2.35 on May 27 and a weekly all-time low of $2.11 on May 31.
What is the reason for the current price stagnation of XRP?
Investors’ concerns regarding ongoing tariff tensions between the United States, China, and other nations, as well as Ripple’s recent decision to transfer 130 million tokens to various wallets, are the primary factors contributing to the substantial decline in XRP trading volume and a 7.3% price decline this week, according to industry experts.
Whale Tracker, an on-chain data tracker, reported on X that the parent company has transferred millions of tokens valued at an astonishing $283 million to three distinct wallets.
Why could 2025 be a historic year for XRP?
XRP, a cryptocurrency that has garnered significant attention, is currently experiencing rapid growth in the United States. This is due to the Trump administration’s inclusion in the strategic reserve, the fact that major corporations are maintaining their reserves, and the overt interest of banks and public institutions in adopting it. Fans also anticipate an increase in the likelihood of the XRP Spot ETF being authorized soon as its use cases and adoption continue to expand.
Although it experienced a favorable sentiment in 2025 due to these positive updates, it could not capitalize on the 52% increase in the price of Bitcoin, resulting in a consolidation in the $2.10-$2.50 range. According to experts, the performance of XRP is expected to be significantly impacted by the regulatory clarity between the U.S. Securities and Exchange Commission (SEC) and Ripple in the coming months.
