Over the last 90 days, the price of $XRP has increased by 282%. This is an excellent result among altcoins. However, the current momentum of the token has weakened, and it has decreased by 6% in the last 24 hours.

The altcoin season index confirms the altcoin season if 75% of the top 50 coins, excluding Bitcoin, highlighted XRP as one of the leaders alongside Hedera (HBAR) and Bitget Token (BGB). Recently, the index reached 78, indicating a clear altcoin season.

However, with the recent decline in prices for many altcoins, including Ripple, the index has dropped to 47, reflecting a shift to neutral sentiment. If the momentum continues to fade, the price risks falling below $2.

The trading volume of XRP on DEX is another important indicator that supports the decline. It measures the value of cryptocurrency traded on the XRP Ledger (XRPL) over a certain period. XRPL is a decentralized public blockchain that facilitates trading Ripple and quickly settling transactions in different currencies. When DEX volume increases, demand for the token rises, and vice versa.$DF $NEAR #2024withBinance