The trading volume of XRP halved within two days, according to data from Santiment. On the 14th of April, XRP's volume was...
A $5 billion difference between XRP and USDC could make it difficult for the token to rise back to 6th.halved within two days, according to data from Santiment. On the 14th of April, XRP’s volume was $4.87 billion. But as of this writing, the metric had
Not only did that happen but its price action also went in the same direction. As of this writing, XRP’s price was $0.49. Two days ago, the same token traded around $0.54, with the recent decline suggesting massive sell pressure.However, XRP might see further downside if the market condition stays bearish. The declining volume and price action was typically supposed toprice continues to slide, altcoins like XRP might find it difficult to rebound.
Market cap is a product of price and circulating supply. Therefore, one would admit that its underwhelming price action was responsible for the drop.
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