XRP Pulls Back to $1.50 as Broader Market Declines

XRP has pulled back to around $1.50 after a nearly 16% weekly gain, despite a daily decline of 6.91%. The token's market capitalization remains at $94.6 billion, with a daily trading volume of $6.46 billion.

The pullback came during a broader market decline, with the total cryptocurrency market capitalization down 2.96% over 24 hours. However, XRP continued to outperform the market on the weekly timeframe, maintaining its fifth-largest position by market cap.

The daily relative strength index (RSI) remains above 50, indicating a relatively strong momentum for XRP. The volume profile's point of control stands at $1.37, which is below the current price but between the token's seven-day low and high.