XRP Holds Near $1.44 as Trading Volume Drops, Momentum Weakens

Ripple’s XRP hovered around the $1.44 level on Thursday, struggling to establish a clear direction as traders weighed a modest short-term recovery against a notably weak 90-day performance. The price action underscores a market caught between fading downside momentum and a lack of conviction strong enough to confirm a broader trend reversal.

According to CoinMarketCap data as of 6:58 p.m. UTC on April 24, XRP was trading at $1.4388. Over the past 24 hours, the token was essentially flat, up 0.07%, while hourly moves remained negligible at -0.09%. The more important signal came from activity: 24-hour trading volume totaled about $2.29 billion, down 13.56% from the prior day—often a sign that market participants are shifting into a ‘wait-and-see’ posture.

Despite subdued near-term momentum, XRP continues to hold a prominent position in the broader market. Its market capitalization stood at roughly $88.6 billion, keeping it ranked fourth among cryptocurrencies. XRP’s ‘market dominance’ was measured at 3.42%, reflecting an entrenched role in large-cap crypto allocations even as performance has lagged in recent months.

Looking across time horizons, XRP’s returns remain mixed. The token posted a 7-day decline of 2.58%, suggesting lingering softness, but it was up 1.90% over 30 days and 5.33% over 60 days, indicating a slow grind higher from recent lows. The longer window tells a less encouraging story: XRP was down 24.95% over 90 days, pointing to persistent medium-term pressure following a broader market pullback during the past quarter.

Supply metrics remain stable. Circulating supply was reported at about 61.57 billion XRP, against a stated maximum supply of 100 billion. On a fully diluted basis, XRP’s valuation was approximately $143.8 billion, a commonly cited measure that estimates market capitalization if the entire maximum supply were in circulation.

Volume composition also highlights how XRP liquidity is still concentrated. Centralized exchanges accounted for roughly $2.286 billion of the day’s turnover, while decentralized exchange activity was about $980,000—just 0.04% of total volume. The skew reinforces that XRP price discovery remains heavily dependent on major centralized venues, with on-chain spot liquidity playing a comparatively minor role.

From a narrative perspective, supporters continue to frame Ripple as more than a speculative crypto asset, emphasizing its alignment with ISO 20022, a global standard for financial messaging used in cross-border payments and securities settlement. Market observers also point to Ripple’s ongoing efforts in enterprise partnerships and central bank digital currency (CBDC) pilots as potential long-term demand drivers, although timelines and direct effects on XRP spot demand can be difficult to quantify.

Policy remains another swing factor. The token is frequently discussed in the context of U.S. digital-asset classification debates involving regulators such as the SEC and CFTC—an issue with direct implications for institutional participation and market structure. Separately, XRP has been mentioned in broader discussions around a ‘US Strategic Crypto Reserve,’ keeping traders sensitive to shifts in Washington’s posture toward digital assets during President Trump’s administration.

For now, XRP’s ability to build on its 30- and 60-day gains may depend on whether trading activity returns alongside clearer macro direction—particularly Bitcoin (BTC) leadership, which continues to set the tone for risk appetite across crypto. With volume contracting and the price pinned near $1.44, the market appears to be pausing, waiting for either renewed liquidity inflows or a catalyst strong enough to break the current range.