The price chart illustrates why the predictions of a rapid rise toward $3 have become increasingly unrealistic, as $XRP
in generating any significant momentum. XRP has been stuck below its key moving averages, particularly the 50 and 100 moving averages, for weeks.
This pressure from the exponential moving average has led to an increasingly narrow trading range, which often precedes breakouts. However, at the moment, the breakout could be just as likely to be bearish. Daily candles are producing minimal trading ranges, and trading volume is sharply declining as volatility clings to its lowest levels in several months.
This stability is crucial for $XRP , as the currency has historically required significant surges in liquidity and momentum to overcome resistance levels. Even modest bullish targets seem ambitious in the absence of speculative capital returning to the market. Both bulls and bears are showing hesitation and lack of conviction, as the Relative Strength Index (RSI) remains in a neutral zone around 45.
Since the exponential moving averages of 50, 100, and 200 are currently stacked above the currency, forming a ceiling for it, $XRP will first need to achieve a decisive breakout above this dense group of resistance to have any realistic chance of approaching the $3 level again. If this pressure develops into a breakout, which is unlikely, the declining trading volume suggests that the movement may fade soon unless buyers intervene strongly.
There is no guarantee of a price increase, but this phase of compressed volatility is often considered a bullish stage. In fact, the risk of a collapse is increasing rather than a rise due to a lack of catalysts and diminishing market interest in altcoins.
There is no evidence that #XRP is currently attracting the steady buying power needed to retest the $3 level, although technical setups such as the exponential moving average (EMA) pressure may precede reversals. It is unrealistic to expect a significant recovery until trading volume increases and XRP can regain its important moving averages. Before any real bullish trend emerges, traders should prepare for further sideways movement or worse. #DYMBinanceHODL #StrategyBTCPurchase #NODEBinanceTGE #USCorePCEMay