XRP price performance has been lackluster since the end of May, as
Trading within a narrow range.
The token continues to face resistance at 2.335 while
Finds support around $2.08, indicating a confined market
In a narrow range. Without a clear breakout or collapse, the
XRP is consolidating, without strong momentum in either direction.
Division in XRP sentiments as price movement remains
Sideways reflects on-chain data showing XRP's sideways price movement.
Indicating that market participants lack
Conviction according to Glassnode, shows net profit
Unrealized loss (NUPL) for the altcoin that
XRP investor sentiment has swung between regions
"Optimism - Anxiety" and "Faith - Denial" throughout the month
The past.
This trend reflects a divided market: while some remain
Traders are cautiously optimistic, others doubt
XRP's potential in the near term.
The NUPL metric reflects the difference between the current price
For the asset and the average price at which its coins were transferred
Last time. It shows whether holders on average,
Sitting on profits or losses and the importance of those
Profits or losses.
When NUPL for the asset swings between regions
"Optimism - Anxiety" and "Faith - Denial", investor sentiment
Investors are indecisive or unstable. In some
Days, trust rises "faith"), and on other days, it returns
Anxiety.
This back-and-forth movement usually occurs during phases
An uncertain market, where price movement is volatile
And investors are unsure if the rise
Will continue or reverse.
Moreover, a decrease in the average range confirms
True (ATR) for XRP is fluctuating among participants
In the market at the time of publication, it stands at 0.051
The ATR indicator measures the degree of price movement over a period
Certain when heading downward like this, it
Often indicates that price fluctuations are narrowing and momentum
Weakening.
XRP is waiting for a catalyst as the price tightens between
Key levels flip sentiments around XRP, and declining volatility reinforces the narrative around a market trending towards consolidation. The altcoin is likely to remain confined within a range until a catalyst changes the direction.
If a new order enters the market, it may lead to
Breaks above resistance level 2.33 towards 2.45
On the other hand, if bears strengthen their dominance, they may
Push XRP price below 2.08 and target
.1.96$
