The spot trading volume on top centralized exchanges reached 5.4 trillion USD in Q1 2025, marking a substantial decrease of 16.3% from the previous quarter. Binance led with a 40.7% market share, though its trading volume fell significantly. The overall cryptocurrency market experienced an 18.6% decline to 2.8 trillion USD.
XRP is showing signs of recovery, currently trading near 2.10 USD. Traders are looking for potential breakout levels, particularly above 2.20 USD, to confirm a return to an uptrend. However, resistance remains, and caution is advised as the market still exhibited bearish tendencies.
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