Ripple’s XRP ($1.92) has experienced heightened volatility over the past month, marked by a sharp rally followed by a notable pullback. At the time of analysis, XRP is trading around $1.87, reflecting an 8.97% decline over the last week. This drop has pushed the price below the psychologically important $2.00 level, raising short-term concerns while still keeping the broader trend intact.

XRP Pulls Back After Strong Monthly Rally

Over the past month, XRP staged an aggressive move upward, briefly testing levels above $2.12. However, momentum faded quickly. Sellers stepped in, forcing the price lower and triggering profit-taking across the market. The pullback accelerated as XRP dipped below $2.00, reaching a local low near $1.86 before attempting a mild rebound. This behavior suggests exhaustion rather than panic, especially following such a strong run-up.

_{Source: CoinMarketCap}

Despite the decline, XRP remains significantly higher than its long-term historical levels. The asset is still trading well above key multi-year consolidation zones, which may continue to act as structural support.

Trading Volume Spikes as XRP Undergoes Market Reset

Trading activity surged alongside the price movement. XRP recorded a 24-hour trading volume of approximately $3.85 billion, representing a sharp increase of over 98%. This spike indicates strong participation from both buyers and sellers, often a sign of a market recalibrating rather than collapsing.

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Market capitalization currently stands at about $113.6 billion, down 5.93% in line with the recent price correction. Meanwhile, community sentiment remains largely optimistic. About 87% of voters are bullish, compared to just 13% bearish. This imbalance suggests that many participants view the recent dip as temporary.

Supply Metrics and Long-Term Context

XRP’s circulating supply sits at roughly 60.49 billion tokens, with a maximum supply capped at 100 billion. The fully diluted valuation is estimated at $187.8 billion. Importantly, XRP is still trading nearly 51% below its all-time high of $3.84 set in January 2018, leaving room for upside if bullish momentum returns.

Related article: XRP’s Coinbase Open Interest Surges: A Sign of Renewed U.S. Institutional and Retail Confidence?

On the downside, XRP is holding far above its all-time low of $0.002802, recorded in July 2014. That long-term appreciation highlights the asset’s resilience through multiple market cycles.

Looking ahead, the next month will likely be defined by consolidation. If XRP can stabilize above the $1.80–$1.85 zone, a renewed attempt toward $2.00 is possible. However, sustained weakness below this range could invite deeper retracements. For now, XRP appears to be cooling off after a strong rally, not breaking down entirely.

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