XRP, the bridge cryptocurrency, has maintained its marginal but steady lead of 1.6% this week, currently trading at $2.20, despite facing a significant drop of 22.9% in its overall trading volume on Tuesday.
Mirroring the overall crypto market that experienced a slight rebound on Tuesday, the price of XRP is holding steady at $2.20 despite Ripple recently transferring 130 million XRP tokens to multiple wallets, sparking concerns among traders.
Weekly analysis also shows XRP price down by 7.3%, recording a weekly all-time-high of $2.35 on May 27 and an all-time-low of $2.11 on May 31, according to data from CoinGecko.
Why is XRP price struggling?
According to experts, the significant drop in XRP trading volume and a 7.3% price downer this week is largely attributed to growing fears among investors due to ongoing tariff tensions between U.S., China and other nations, along with the recent decision by Ripple to transfer 130 million XRP tokens to different wallets.
On-chain data tracker Whale Tracker informed on X that the parent company of XRP, has moved millions of tokens worth a staggering $283 million to 3 separate wallets.
Why 2025 could be historic for XRP?
XRP, one of the most talked about altcoins, is making rapid advancements in U.S. with its inclusion in the strategic reserve by President Trump administration, major companies keeping its reserves and banks and public institutions showing overt interest in its adoption. Fans are also expecting an increase in odds of XRP Spot ETF getting approved in the coming future with its ever increasing use cases and adoption.
Such positive updates related to XRP had resulted in a bullish sentiment around the altcoin in 2025, however, it has failed to capitalize on the meteoric 52% hike in price of Bitcoin, consolidating in the range of $2.10-$2.50. Experts believe that regulatory clarity between U.S. Securities and Exchange Commission (SEC) and Ripple in the coming months would be crucial for the performance of XRP.
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Vaibhav Jha
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
