$3.51 XRP and Rising Volume—Opportunity or Overheat?

• Despite a slight daily dip, XRP’s 24-hour trading volume jumped over 10%, reflecting strong market activity and investor interest.
• Recent price swings between $3.44 and $3.65 suggest consolidation, with no clear trend confirmation after XRP’s major breakout.
• Traders are urged to wait for a pullback to avoid FOMO, as mixed price action hints at a potential cooling period.

XRP is currently trading at $3.51, showing a modest 0.38% decline over the past 24 hours. Despite this minor drop, market activity remains strong, with trading volume rising by over 10% in the same period. The increased volume suggests growing interest in the asset, even as the price sees short-term pressure.

XRP holds a market capitalization of approximately $208.13 billion, ranking it third among cryptocurrencies. The fully diluted valuation (FDV), based on the total maximum supply of 100 billion XRP, stands at $351.67 billion. With a circulating supply of about 59.18 billion tokens, the asset shows high liquidity, which supports steady trading conditions.

Volatility Persists as Price Action Signals Uncertainty

Intraday chart data reflects notable volatility, with XRP’s price fluctuating between $3.44 and $3.65. Candlestick patterns reveal a series of red and green bars, indicating alternating buying and selling pressure. A recovery toward the end of the session suggests renewed buyer interest, but not a confirmed trend reversal.

The pattern aligns with a broader market phase following an 80% price surge, observed in earlier trading sessions. Horizontal support and resistance levels visible on technical charts highlight areas of potential consolidation or retracement. These levels provide clues to traders watching for a stable entry point.

Technical Setup Calls for Caution, Not FOMO

Technical indicators indicate XRP has crossed the resistance levels earlier, which recognizes bullish indicators. Nevertheless, professionals advise against this. They would recommend that we should wait until a pullback is confirmed and no longer execute during a price spike. The intention of this strategy is to prevent using FOMO which is usually a bad intention that causes losses when a retracement occurs.

Although an increase in the volume of trading tends to indicate an increased confidence in investors, it may also be an indication of profit-taking. This indecision does show in mixed price action throughout the day and it is impossible to say whether the trend will proceed persistently or fall into a corrective state. Traders and investors are keeping a close eye on future indicators to act in a more direct way.

Summing it up, the present marketing dynamics of XRP, which are characterized by its high volume, volatility in terms of price, and recent breakout, both bear risk and opportunity. Noting the market support area and price consolidation will help to understand whether XRP is ready to make additional gains or it is going into a cooling period.