XRP Holds Above $2 Amid Volume Drop and Fund Launch in Asia

XRP, currently the fourth-largest cryptocurrency by market cap, is trading around $2.07 despite a 25% decline in 24-hour trading volume. Data from CoinMarketCap shows XRP's daily trading volume at $2.46 billion—still sizable, but notably lower than recent peaks. This dip signals reduced activity as traders await clearer signals amid ongoing macroeconomic uncertainty.

Despite the drop in trading momentum, XRP remains resilient above the critical $2 support level, offering reassurance to investors. The Relative Strength Index (RSI) hovering near the neutral 50 mark indicates possible short-term consolidation, with XRP expected to range between $2 and the 50-day simple moving average (SMA) at $2.23. A decisive break above the 50-day SMA could trigger bullish momentum toward $2.60 and potentially $3. Conversely, a close below $2 risks a decline to $1.61, marking a critical support zone.

In a bullish development, HashKey Capital has introduced Asia’s first XRP tracker fund aimed at institutional investors. Backed early by Ripple, the fund enables exposure to XRP without requiring direct asset management. The move highlights growing institutional interest and expands HashKey’s crypto investment lineup, which already includes Hong Kong-listed spot ETFs for Bitcoin (BTC) and Ethereum (ETH).

This strategic partnership between Ripple and HashKey strengthens XRP's position in Asia’s digital asset ecosystem. As XRP maintains key price levels and institutional adoption gains pace, traders and investors are closely watching for the next significant breakout or breakdown.

With XRP showing weekly gains of 3.84% despite recent volatility, the market remains cautiously optimistic. A surge in trading volume and a strong technical breakout could fuel renewed bullish momentum in the days ahead.