The last 24 hours have not been too kind to the altcoin market. XRP, one of the major names in the niche, has seen a 3.7% decline over the last 24 hours. At press time, the token is trading near the $2.260 level, after facing crude resistance near the $2.33 mark.
XRP has been in a volatile zone for the last few days. Its heightened volatility has been one of the driving factors. It catapulted the token towards a price hike. However, it also fueled a pullback.
One of the causes that pushed the price forward was the rumor of a new ETF. Enthusiasts showed a sense of optimism. However, the crucial resistance level made it difficult for the token to grow. As a result, there were some pullbacks.
However, XRP’s ongoing partnership in Asia and the Middle East will play a significant role in deciding the price movement. Currently, XRP is trading near the $2.25 mark. If the token continues to hold increasing pressure, there is a high chance that it will show a breakout.
