The crypto market is mostly trading in red on Monday, with $745 million recorded in liquidations in the last 24 hours.
XRP reached a low of $1.83 early Monday after dropping to $1.80 on Sunday as crypto markets fell in thin weekend trading, extending a pullback that has dragged on since the past week.
At press time, XRP was down 0.70% in the last 24 hours to $1.88 as cryptocurrencies fell ahead of a busy week, with the Federal Reserve’s two-day FOMC meeting starting on Wednesday and major technology players announcing earnings.
The Federal Reserve is set to announce its rate decision, with investors expecting it to leave rates unchanged. However, traders will be paying very close attention to Chairman Jerome Powell’s post-meeting press conference, which presents the real intrigue.
After delivering three back-to-back quarter-point cuts, the central bank is expected to hold steady on Wednesday.
Amid the sell-off, XRP trading volume rose 214% in the last 24 hours to $3.34 billion, according to CoinMarketCap data.
What’s next for XRP price?
XRP fell for four straight days in a row, reaching a low of $1.80 on Sunday. The drop coincides with outflows from XRP ETFs.
According to Sosovalue, spot XRP ETFs saw about $40.6 million in weekly outflows, suggesting institutional profit-taking.
XRP’s price drop however, presents a silver lining, with the MVRV indicator now suggesting it to be undervalued.
The MVRV for XRP has fallen into the negative, currently at -5.7%, which suggests being undervalued.
The XRP price seems to be building a base near $1.80, forming what analysts might describe as a triple bottom support zone. Each test has drawn buyers, but rebounds have been limited.
Market sentiment remains fragile after continued profit-taking following a rally at the start of the year. The Federal Reserve’s first rate decision of this year will now be widely watched by traders.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Price Eyes Final Resistance at $1.53 — Breakdown Risk Toward $0.87 Looms
XRP approaches $1.53 resistance as Wave E nears completion
$1.39 support must hold to maintain bullish structure
Rejection could push XRP down toward $1.09 to $0.87
Ripple’s XRP has reached a decisive moment that traders cannot ignore. Price action now approaches a critical resistance
CryptoNewsLand7h ago
XRP Spot ETFs Record $3.89M Net Inflows in Single Day
Gate News message, April 24 — XRP spot ETFs recorded net inflows of $3.89 million yesterday (April 23), according to SoSoValue data.
Franklin XRP ETF (XRPZ) accounted for the entire daily inflow of $3.89 million, bringing its historical cumulative net inflows to $349 million. As of press time, XRP
GateNews11h ago
Girin Labs Launches XRP Payment Wallet with Doppler Finance Integration, Enabling Real-Time XRPL Settlements
Gate News message, April 23 — Girin Labs has launched the Girin Wallet, integrating Doppler Finance's institutional-grade yield layer to enable XRP and RLUSD payments in everyday transactions. Users can now spend XRP and RLUSD at any Visa-accepting merchant, with transactions settling instantly on t
GateNews18h ago
XRP Expands to Solana as wXRP Drives DeFi Access
Key Insights
Wrapped XRP on Solana surpasses 834,000 tokens, enabling new DeFi access while strengthening cross-chain liquidity and expanding XRP utility beyond its native ledger.
Ethereum and Solana dominate DeFi activity, while XRP Ledger trails significantly, driving the need for
CryptoNewsLand18h ago
XRP Expands to Solana as wXRP Drives DeFi Access
Key Insights
Wrapped XRP on Solana surpasses 834,000 tokens, enabling new DeFi access while strengthening cross-chain liquidity and expanding XRP utility beyond its native ledger.
Ethereum and Solana dominate DeFi activity, while XRP Ledger trails significantly, driving the need for
CryptoNewsLand19h ago
XRP Price Compression Signals Imminent Breakout as Traders Pause
Key Insights
XRP trades in a compressed range with tightening volatility, signaling a potential breakout phase as market participation slows and price action stabilizes.
Open interest dropped sharply from over $10 billion to $2.5 billion, reflecting reduced leverage and weakening
CryptoNewsLand19h ago
