XRP Rebounds to $2.18 Amid ETF Hopes and Trading Volume Concerns

XRP, the fourth-largest cryptocurrency by market cap, is showing signs of recovery after two days of losses. The digital asset rebounded to $2.192 on Friday, up 2.18% in the last 24 hours, following support at $2.08. As of Saturday morning, XRP is trading at $2.18, offering temporary relief to holders.

Despite the rebound, a steep 48.96% drop in 24-hour trading volume—now at $1.76 billion—raises caution among traders. While price action appears bullish, the declining volume may signal waning momentum unless renewed buying interest emerges.

Market sentiment remains mixed. XRP faces resistance in the $2.50–$2.60 range, and traders are watching closely for a potential breakout. A decisive move above key daily moving averages at $2.26 (50-day) and $2.34 (200-day) would support bullish continuation. XRP also continues to trade within a symmetrical triangle pattern, suggesting possible volatility if volume returns.

Fundamental developments are influencing investor expectations. China-based Webus International recently announced plans to establish a $300 million XRP-focused treasury, according to an SEC filing. Ripple’s RLUSD stablecoin also received regulatory approval in Dubai, boosting confidence in the broader XRP Ledger ecosystem.

The crypto community is now eyeing the SEC’s upcoming decision on Franklin Templeton’s spot XRP ETF proposal, expected by June 17. Approval could attract significant institutional inflows, potentially improving XRP’s liquidity and pushing prices higher.

While the short-term outlook for XRP looks cautiously optimistic, volume trends and regulatory catalysts will be critical for sustained gains. Traders and investors should remain alert for breakout signals and macro developments that may affect XRP’s trajectory.