BEARISH 📉 : XRP Faces Selling Pressure Amid Downtrend and Market Uncertainty

XRP Faces Selling Pressure Amid Market Fragility

  • XRP faces persistent selling pressure with limited momentum, reflecting cautious investor sentiment.
  • Volatility has decreased, but lack of strong buying suggests market consolidation rather than a rebound.

XRP Trading Volume Insights

  • CryptoQuant analysis shows XRP trading near $1.37 with a daily volume of 173 million XRP on Binance.
  • The Z-Score is close to zero, indicating trading activity aligns with its historical average.
  • This balance between buyers and sellers suggests market stabilization rather than immediate bullish or bearish trends.

XRP Volume Equilibrium Indicates Potential Consolidation

  • Stable Z-Score suggests a consolidation phase before a significant market move.
  • An increase in trading volume could signal new trends, with Z-Score above +2 indicating potential bullish momentum.

XRP Volume Z-Score | Source: CryptoQuant

XRP Tests Key Support as Downtrend Persists

  • XRP trades under sustained selling pressure, with a notable decline from the $2.00–$2.20 region to $1.30–$1.40.
  • Trading below major moving averages indicates a bearish medium-term structure with resistance likely at rallies.
  • Recent declines accompanied by increased volume suggest active participation in the selloff.
  • A recovery above $1.80–$2.00 needed to stabilize sentiment; otherwise, further downside remains possible.

XRP testing critical price level | Source: XRPUSDT chart on TradingView