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XRP’s 30-Day Price Volatility Drops to Lowest Level Since November
XRP Price Volatility Analysis
XRP's 30-day annualized realized volatility has dropped to 44%, the lowest since November 2016, according to TradingView. This decline follows a significant decrease from highs above 150% recorded in December and March.
Key points:
- The recent drop in volatility coincides with stagnant price movements for XRP, which has fluctuated between $2 and $2.60 since March.
- XRP futures have launched on CME, and several issuers are applying for spot XRP ETFs amid positive regulatory developments.
- This pattern mirrors Bitcoin's stability, which has remained between $100,000 and $110,000 for nearly 50 days.
- Historically, low volatility can lead to stronger directional trends, but current levels remain above the 15% to 30% range that indicates volatility bottoms.
