Recently, the price movement of XRP has been unusual. While there hasn't been a significant drop, the formation of a narrow price box over several weeks and a sharp decline in trading volume suggest that an 'explosive turning point' may be approaching soon. Market participants are increasingly speculating whether this phenomenon signals the onset of a new upward or downward trend.
Currently, as of the 26th, XRP is trapped between the major moving averages of 50-day, 100-day, and 200-day EMA, showing a convergence pattern. This is like boiling water in a pressure cooker, which could show a strong directional movement if it breaks through a certain point. Particularly, the RSI indicator remaining neutral around the 50 level shows that the market is in a wait-and-see state.
The decrease in trading volume is especially concerning. XRP currently appears to have lost a clear initiative from both buying and selling forces. Generally, a volume decline is a typical pattern preceding high volatility, and similar strong breakouts have occurred at similar points in the past. Experts predict that if XRP breaks through the 50-day and 100-day EMA resistance lines, it could rise to $2.22 (about 30.86 million won), and beyond that to $2.28 (about 31.69 million won), potentially reaching $2.40-$2.50 (about 33.36-34.75 million won).
Conversely, if it breaks down, it could quickly retreat to support lines at $2.10 (about 29.19 million won) and $2.00 (about 27.80 million won) by breaking below the 200 EMA. Essentially, XRP is at a critical crossroads. Such an abnormal stillness cannot last long, and a sharp movement in one direction seems to be just a matter of time.
Given that XRP has been consistently exposed to regulatory issues, Ripple ecosystem expansion, and the tokenization trend in global finance over the past few months, market participants' reactions are expected to be sensitive if a dramatic change occurs. Careful approach is required, along with risk management for short-term volatility, until a clear trading signal emerges.
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