XRP Price Pulls Back After Explosive 46.8% Weekly Rally

XRP's price fell by 2% to $1.47 on Tuesday after experiencing an explosive 46.8% weekly surge.

The sudden drop comes despite strong on-chain signals, as data shows that receiving addresses for XRP spiked by a massive 698% over the past week.

This increase in activity was accompanied by three consecutive days of record-breaking trading volume for Bitwise's XRP ETF, with volumes reaching $80 million today alone.

However, despite the dip, XRP remains above levels seen earlier this month.