XRP traded independently of Bitcoin over the past 24 hours as its trading volume surged 24% to about $3.33 billion while the token remained under persistent selling pressure.
The cryptocurrency moved within a narrow range between $1.34 and $1.42 and has fallen more than 19% over the past 30 days despite the rise in market activity.
“XRP breaks free from bitcoin’s dynamics,”
Analysts noted as the token diverged from Bitcoin’s movements during the session.
Technical indicators continue to point to weakness, with the relative strength index remaining below the 50-point threshold and signalling that sellers still dominate the market.
Analysts say a sustained move above $1.40 would be required to signal a potential technical reversal and improve the asset’s short-term outlook.
The increase in trading volume during the divergence suggests stronger market participation rather than weakening liquidity, making volume a key factor in assessing the sustainability of the move.
Market watchers warn that if XRP fails to stabilise and drops below the $1 level it could trigger roughly $650 million in liquidations, placing the next support levels under close scrutiny.
At the time of reporting, XRP price was $1.35.