Peter Smith
XRP trading volume crashed 37% while price dropped from $3.70 to $3.18, but this weekend pullback might just be the market taking a breather.
XRP just hit the brakes after weeks of going absolutely crazy. Trading volume tanked by 37% – dropping from over $50 million to just $31 million – while the price slid from around $3.70 down to $3.18 as of July 27. Yeah, it stings, but let's be real: this was probably coming.
The token had been on an insane run for weeks. Anyone watching could see things were getting a bit too hot. The price chart shows the classic pattern – rapid climb up, then boom, multi-day correction. But here's the thing: XRP bounced back from about $3.10, which means the bulls aren't completely done yet.
The RSI is sitting around 62 right now, cooling off from those crazy overbought levels where everyone was getting way too excited. The 200-day EMA is still well below current price, and short-term EMAs like the 21-day are still backing the token up. So the bigger uptrend? Still there.
XRP Volume Drop Happens During Quiet Weekend
That 37% volume drop looks scary, but timing matters here. This whole thing went down during a weekend, and anyone who's been in crypto knows weekends are dead quiet. Lower liquidity, thinner books – it's just how weekends work in this space.
Crypto markets have always used weekends to chill out. It's not some bearish signal – it's more like the market going to sleep. Plus, this isn't just an XRP problem. On-chain data shows money flowing out of the broader crypto market too. Bitcoin, Ethereum, everyone's seeing less action.
When the big players are also quiet, it's clearly a market-wide thing, not XRP falling apart on its own.
XRP Needs to Hold Above $3.00 Level
The real test is whether XRP can stay above that psychological $3.00 mark. If it can hang around current levels and volume picks up mid-week when people get back to their desks, this could just be a quick pit stop before the next move up.
After intense rallies, markets need to catch their breath. It's actually healthy – like taking a break after sprinting uphill. The question is whether fresh money comes in and if buyers show up after the weekend hangover wears off.
The 37% volume decline looks dramatic, but it's probably just a pause rather than some major trend flip. XRP's trajectory depends on incoming liquidity and whether the bulls are ready to get back to work.
Bottom line: XRP took a hit, but the uptrend structure is still intact. Whether it continues depends on what happens when the market wakes up from its weekend nap. Sometimes you need these cooling periods to set up for what's next.
Peter Smith
