Technical analysis (15-minute level):
Currently, XRP is in a short-term consolidation phase. From the chart, it can be seen that:
MA7 (white line) and MA30 (yellow line) are entangled repeatedly, with prices pressured below MA30, indicating that bulls and bears remain stuck, and the trend has not emerged in a clear direction.
The local low has not broken 2.0759, showing some signs of support, but the rebound high continues to decline, forming a short-term weak oscillation pattern.
In terms of trading volume, multiple attempts to surge within the fluctuation range have failed, indicating that bulls lack sustainability; currently, it is in a capital observation period.
If the K-line can stabilize above MA30 next, and break through the resistance level above 2.10 with increased volume, it will open up further upward space.
News analysis:
Recent important information regarding XRP:
The impact of the SEC lawsuit is gradually weakening: the market expects Ripple to ultimately reach a certain compromise, reducing the policy uncertainty surrounding XRP.
Ripple plans to expand its payment market in Asia and is in contact with some banks and fintech companies to strengthen its cross-border payment narrative.
The number of active addresses on the XRP chain has recently shown signs of recovery, but there has been no large-scale net inflow of funds; the market is still waiting for more significant catalysts.
In the short term, XRP's trend is restricted, but the mid-term logic remains; attention should be paid to whether a directional breakout or correlated hotspots appear.
XRP is currently not in the spotlight, but direction determines fate; the bottom is challenging both in terms of price and sentiment.
The next wave of market movement belongs to those who layout in advance rather than chasing the market at the last moment.
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