XRP Holds Steady at $1.50 Amid Weak Demand and Low Volume

XRP's price has remained steady at around $1.50 over the past 24 hours, underperforming a flat broader market.

Crypto analysts attribute this to a lack of buying conviction and a technical rejection at the $1.50-$1.54 resistance zone.

Transaction value has plummeted to $2 billion on Saturday, indicating weak demand for XRP.

The 24-hour trading volume fell 39.5% to $2.26 billion, further supporting this view.

However, some analysts point out that XRP's minor decline reflects a combination of modest beta to Bitcoin and negative trader sentiment, which can sometimes set up a contrarian bounce.