Recent XRP Trading Volume Data After Selling Pressure, Signal of Adjustment (Consolidation) Phase
**XRP** is trading around $2.05 after several days of selling pressure. According to Binance's volume data, the 30-day Z-score is 0.44, indicating a balanced market condition rather than fear-driven selling or excessive speculation.
What happened: Stable trading indicated by volume data
According to the Z-score indicator, current trading volume is slightly higher than the 30-day average, but based on the metrics shared by Arab Chain via CryptoQuant, it has remained within historically normal ranges.
+2 or higher values generally indicate aggressive speculative capital inflows, while significantly negative values suggest market indifference. XRP being positioned in the positive-neutral range means it is not leaning toward either extreme.
This token rebounded from below the 1.90 USD level recently and has seen buying pressure defending the psychological support level of 2 USD, which has served as a key pivot throughout this cycle.
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Why it matters: The technical structure remains bearish
XRP is still trading below key moving averages, and the 200-day moving average near 2.55~2.60 USD is acting as a crucial resistance level in the medium term.
If the Z-score rises above the 1.5~2.0 range alongside price increases, it could be interpreted as a signal of new capital entering the market, suggesting the potential for a momentum-driven bull market. Conversely, if trading volume continues to shrink, it indicates that interest is gradually fading.
For bullish momentum to regain credibility, the token must first reclaim the 2.30~2.40 USD range as support, followed by a breakout above the 200-day moving average.
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