XRP Up to $2? But a Dramatic Volume Drop Casts Shadow. 😲

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Oh, the drama! XRP‘s price pranced up on Friday’s stage remarkably, rising from a modest $1.77 to a rather bold $1.92, rescuing itself from a two-day decline with the finesse of an accomplished thespian. Meanwhile, the broader crypto market also basked in the limelight as the audience, a.k.a. investors, lost themselves in the latest opera of consumer sentiment data and that tamed beast of inflation. The University of Michigan took a bow for revealing Friday that consumer sentiment had risen, though it played less than expected, reaching 52.9 – a delightful climb from the 51.0 encore in November.

The downward trend in inflation offers a glimmer of hope that the Federal Reserve may, oh, dare I say, consider lowering rates by the year 2026. We brave plural to 2026, no less! 🎭

Optimism surrounding XRP ETFs, blooming with 31 days of inflows, entwined with the latest Ripple intrigues, has contributed to a darling sentiment in XRP’s price. And who could resist the allure of a recent revelation where Ripple has extended its romantic partnership with brokerage firm TJM Investments, securing a minority stake that plunges it deeper into the clandestine infrastructure known to institutions for trading and settling assets?

Nasdaq-listed VivoPower, romanced by Lean Ventures, has announced a partnership as they gracefully acquire Ripple Labs shares – indirectly offering investors a fairy-tale exposure to nearly $1 billion worth of XRP. Oh, or perhaps a little more than a fairy tale? 🤔

A 42% Volume Drop: A Curtain Call?

XRP, clearly a protagonist in its own right, has extended its price increase into its second day, reaching a fervent high of $1.957 early Saturday, with a standing ovation as it rose 2.73% to $1.91. Yet, beneath this bustling performance, the trading volume remains embarrassingly low.

The recent rally has permitted it a flirt with the $2 mark, peaking at $1.95 on Friday. Still, traders maintain their beloved ‘wait and see’ approach, shying away as XRP’s trading volume dwindles by a concerning 42%. Can you believe it?

XRP’s trading volume has performed a rather startling pirouette, falling 42% to a mere $2.8 billion. This leaves quite the impression that the recent XRP rally sauntered about without spot volumes – a mysterious affair that portends a potential grander rise, once conviction makes its dramatic return to the markets.

If the stars align, XRP might return to test the $2 mark once more, eyeing further resistance at $2.15 and $2.58, according to the grand foretellings of the daily MA 50 and 200. An intrigued double bottom pattern at the $1.77 nadir confirms this plot twist, and should this spectacle be verified, the coming days will undoubtedly be watched with bated breath for an encore – a potential XRP rally!

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2025-12-20 13:52