XRP at $2.16 After DEX Volume Jumps 770% Overnight

Key Points:

• XRP DEX volume jumps 770% in 24 hours, showing rising trader activity on decentralized platforms.
• Exchange reserves fall from 3.1B to 2.6B XRP, often signaling reduced sell pressure before rallies.
• Cardano to integrate XRP tools, including RLUSD stablecoin and DeFi apps, boosting cross-chain functionality.

XRP price was trading at $2.16 at the time of writing, marking a 1.16% increase over the last 24 hours. Over the past seven days, the token has declined 3.74%. The daily trading range sits between $2.12 and $2.18, while the weekly range extends from $2.10 to $2.33. Current trading volume stands at $2.24 billion, reflecting continued interest in the asset despite broader market hesitation.

Recent price stability follows a drop from early June highs. Technical analysts are watching the $2.07 level as immediate support. According to crypto analyst Dark Defender, the token is nearing a tight technical convergence point between key trend lines, Fibonacci levels, and the surface of a possible cup pattern. 

“The price is close to the conjunction of the trend lines,” the analyst said. 

Short-term resistance levels are noted at $2.22 and $3.61.

XRP DEX Activity Surges Amid Lower Exchange Reserves

Over the past 24 hours, XRP’s decentralized exchange (DEX) volume increased by over 770%, according to Brett_Crypto_X. The spike suggests that traders are shifting toward on-chain platforms for activity. 

However, this comes as on-chain data shows exchange reserves have remained steady near 2.6 billion XRP after dropping sharply from 3.1 billion in November 2024.

Data from CryptoQuant indicates that the decline in exchange-held XRP occurred just before the asset’s breakout to $2.80 late last year. Historically, drops in exchange reserves often precede price increases as circulating supply decreases. XRP’s exchange reserve has since stabilized, signaling possible consolidation before another move.

Market Sentiment Points to Fear, Often Seen Before Rebounds

According to analytics firm Santiment, trader sentiment has turned bearish across the crypto market. Bullish-to-bearish comment ratios have dropped to 1.03, a level not seen since early April during tariff-related market stress. The firm noted, 

“Markets historically move the opposite direction of retail’s expectations.”

Previous fear-based lows in April aligned with local bottoms and preceded recoveries. With current sentiment low and technical pressure building, analysts are monitoring XRP closely for signs of a breakout.

Cross-Chain Developments Connect XRP and Cardano

Cardano co-founder Charles Hoskinson confirmed plans to integrate XRP support into Cardano’s ecosystem. The update includes new tools like the Glacier Airdrop, DeFi applications powered by XRP, and a possible integration of Ripple’s RLUSD stablecoin.

According to George Tung of CryptosRus, this initiative aims to improve cross-chain functionality and grow Cardano’s DeFi landscape. The move adds another layer of technical and ecosystem development around XRP, which continues to attract attention in the current market cycle.