**On Sunday, November 17, Ripple’s (XRP) price briefly touched $1 for the first time in three years.** This milestone coincided with a surge in trading volume to $24 billion, but recent data shows a dramatic plunge to $7 billion—a $17 billion collapse in market activity.
This downturn suggests fading enthusiasm for the altcoin. But what does this mean for XRP’s future price trajectory?
Market Attention Shifts Away from Ripple
According to Santiment, XRP’s trading volume plummeted from $24.40 billion to $7 billion—a 71% drop in liquidity.
👉 Why is XRP volume crashing? Experts weigh in
Key Technical Implications:
- Bullish Signal: Rising prices + increasing volume = sustainable uptrend.
- Bearish Warning: Rising prices + declining volume = weakening momentum.
XRP’s current state aligns with the latter scenario. The volume collapse hints at eroding market participation, threatening its ability to hold above $1.
Social Dominance Decline: A Red Flag
Social dominance metrics track an asset’s share of crypto-related discussions. XRP’s dominance recently nosedived from 13% to 2.34%, reflecting dwindling community interest. If this trend persists alongside low volume, further price drops are likely.
XRP Price Prediction: Will $1 Support Hold?
Bearish Scenario:
- The Money Flow Index (MFI), which gauges capital inflows, shows weakening buying pressure.
- A continued MFI downtrend could push XRP toward $0.80.
Bullish Reversal Triggers:
- A volume rebound to double-digit billions could reignite upward momentum.
- In such a case, XRP might retest $1.26.
FAQs
1. Why did XRP’s trading volume drop by $17 billion?
The decline likely stems from profit-taking after the $1 rally and reduced speculative interest.
2. How does social dominance affect XRP’s price?
Lower social dominance often precedes price declines, as it signals fading hype and fewer new buyers entering the market.
3. What’s the critical support level for XRP?
The $0.80–$0.85 range is now key; losing it may trigger deeper corrections.
👉 Discover real-time XRP price alerts
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