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▲ XRP/AI-generated image
XRP is showing a slightly weak trend around the $1.35 mark. According to CoinMarketCap, as of May 25, XRP has decreased by 0.61% over 24 hours, and its 24-hour trading volume increased by 36.22% to $1,196,365,058.
XRP moved between $1.33 and $1.37 in the last 24 hours. Although the price slightly decreased, the significant increase in trading volume indicated a pattern where short-term selling pressure and bargain hunting intertwined. The area around $1.33 is interpreted as a short-term bottom, and the area around $1.37 is seen as a resistance line that will determine whether it recovers.
The market capitalization was tallied at $83,666,261,873, placing it 5th on CoinMarketCap. The ratio of 24-hour trading volume to market capitalization was 1.42%. The circulating supply is 61,858,321,245 XRP, and the maximum supply is 100,000,000,000 XRP.
XRP remains 64.8% lower than its all-time high of $3.84 recorded on January 4, 2018. If the $1.33 support is maintained in the current range, short-term rebound attempts may continue, but if it fails to recover $1.37, a limited range-bound movement is likely to persist.
*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*
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