XRP has seen a surge in trading volumes even as the broader crypto market sees selling pressure in the early Monday session.

According to CoinMarketCap data, XRP trading volume rose 158% in the last 24 hours to $3.62 billion, as traders adjusted their positioning.

The XRP price is trading in the red as major cryptocurrencies fell on Monday as fears of new U.S. tariffs on European goods triggered a broader sell-off across global markets.

Crypto’s losses mirrored those seen in the equities market as the U.S. equity-index futures fell sharply in early trading, with Nasdaq 100 contracts and European futures down as tariff concerns resurfaced. However, safe haven assets, including gold and silver, surged.

Liquidations rose in the last 24 hours following the sell-off, with nearly $878 million in crypto positions wiped out, according to CoinGlass data, with long positions accounting for the majority.

Digital assets had seen a promising start to the year, after ending 2025 in a malaise following the inability to sustain a recovery from the massive sell-off last October.

XRP price action

XRP saw a sharp drop on Coinbase early Monday, reaching a low of $1.85 before it slightly rebounded.

At press time, XRP was still sustaining daily losses, down 4.1% in the last 24 hours to $1.97. XRP has marked 12 out of 13 days in losses since Jan. 5 amid continued profit-taking.

This follows a strong start to the year, with a five-day surge for XRP reaching $2.41 on Jan. 5. XRP has nearly reversed its run at the year's start, as it approached the Jan. 1 low of $1.82 in today's trading session.

The $2 level remains crucial to watch now for XRP price action, as a return above this level might allow XRP to regain bullish momentum.

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