There have been more XRP sales since its price increased.

XRP has maintained the $0.53 price range despite declines.

Ripple’s XRP experienced a rise alongside the market recently, but data indicates that it has struggled to sustain this upward trend. The positive momentum has been relatively weak due to sellers outnumbering buyers.

If the current trend persists, the gains XRP achieved might be erased.

Sellers nibbling off XRP gains

On 20th May, XRP experienced a notable 5.50% increase in value, rising from around $0.50 to $0.53. This marked a positive breakout from its previous sideways trend and represented the largest single-day increase for the month.