XRP Stabilizes Above $2 Amid Balanced Market Activity

XRP Market Overview

  • XRP is attempting to stabilize above the $2 mark after recent selling pressure.
  • Trading data indicates a balanced market without signs of panic or speculative excess.
  • The 30-day Z-Score for XRP trading volume is around 0.44, suggesting normal activity levels.
  • This Z-Score implies neither aggressive inflows nor market apathy, indicating potential consolidation.
  • Binance XRP Volume Z-Score | Source: CryptoQuant

  • If XRP's price rises with a Z-Score above 1.5–2.0, it may signal new capital and momentum-driven growth.
  • A declining Z-Score near zero or negative suggests fading interest and potential downside risks.
  • Current conditions indicate stability, awaiting volume confirmation for significant moves.

XRP Price Analysis

  • XRP is trading near $2.05 but remains below key moving averages, indicating structural weakness.
  • The 200-day moving average around $2.55–$2.60 acts as critical resistance.
  • Despite short-term recovery efforts, XRP has not surpassed major resistance levels, signaling continued distribution.
  • XRP daily consolidation | Source: XRPUSDT chart on TradingView

  • Lower highs and lows persist, with muted volume suggesting limited conviction in the rebound.
  • For bullish momentum, XRP needs to hold above $2.30–$2.40 and break past the 200-day moving average.