XRP Defying Gravity at $2.41! But Check the Fine Print...
XRP is holding strong above $2.40, showing stability while other assets wobble. But a closer look at the data reveals a tense standoff that could determine its next major move.
The digital asset is currently trading at $2.4138, maintaining a +0.47% gain on the day. It's hovering just below its 24-hour high, suggesting the potential for an upward breakout is real.
However, the order book tells a story of caution. A notable 67.38% of recent trades are sells. This indicates that at this price level, a significant number of holders are looking to take profits, creating a wall of resistance. The buyers, making up 32.62%, have their work cut out for them to push the price higher.
The trading volume is respectable at over $283 million, showing this isn't a dead token—there's active interest and a real battle happening.
But here's the perspective that changes everything: zoom out. Despite recent pullbacks, XRP is up a mind-blowing 354.83% over the past year. This short-term consolidation is a mere blip in a monumental, long-term bull run.
The question is: Can the bulls absorb this selling pressure and fuel the next leg up? The foundation for a massive move is there. All it needs is a spark.
XRPUSDT
Perp
2.4101
+1.01%
