In the past 24 hours, XRP has continued to trade within a narrow range around $2.18–$2.25, indicating prolonged accumulation amidst the cryptocurrency market awaiting a clearer signal about the trend.
1. Decreased liquidity, market sentiment is polarized
The trading volume of XRP has decreased by 24%, reflecting a temporary weakening of the cash flow into this altcoin. According to many technical analysts, this is the 'waiting' stage for investors, as they are weighing between two possibilities: a breakout to the $2.50 range or a correction to the support area of $2.00–$1.96 if the market loses momentum.
2. Technical accumulation: The stage before 'breaking out'?
On the technical chart, XRP is maintaining within a symmetrical triangle pattern – a classical signal indicating that the price is accumulating energy. If it breaks the upper edge of the pattern (above $2.30), the likelihood of an increase to the $2.50 range is very high. Conversely, if it loses support at $2.18, then $2.04 will be the next important defensive level.
3. Open interest and trader behavior
Data from major exchanges shows that the long order ratio is dominant, but this could also pose a risk if a strong liquidation occurs from whales. The slight increase in open interest indicates that speculative money is still present, however, it is not strong enough to trigger an immediate breakout.
Conclusion: XRP is in the 'calm before the storm', with technical signals and market sentiment indicating a high likelihood of strong volatility soon. Investors should pay attention to key price areas such as $2.18 and $2.30 to make appropriate trading decisions in the near future.