XRP has stabilized at the $2 mark, but there is still considerable resistance ahead.



According to CryptoQuant data, the volume Z-score over the past 30 days is around 0.44, slightly above the average level but far from overheated. What does this indicate? The market is neither in panic nor overwhelmed by speculative sentiment. The overall trading environment is in a state of supply and demand balance. Simply put, the current movement is not driven by emotion but is more about digesting previous volatility and waiting for the next clear signal.

On the technical side, the price is stuck around $2.05, but several moving averages above are pressing down on it. To truly reverse the situation, it needs to break through the $2.30 to $2.40 range, especially surpassing the 200-day moving average resistance.

At this stage, it looks like the market is oscillating between two states—showing signs of accumulation and testing the bottom. With balanced data, no excessive emotion, and clear technical pressure, what is the market waiting for? It’s waiting for the next definitive catalyst to appear.
XRP0.78%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
DAOdreamervip
· 7h ago
Holding onto 2 yuan for so long, it's really tormenting. When will the catalyst finally arrive? I'm so waiting that I'm about to fall asleep. The moving average resistance is so fierce; is breaking through really that difficult?
View OriginalReply0
LiquidityWhisperervip
· 7h ago
Holding onto 2 yuan is pretty good, but that wall above is really tough. The catalyst has to come before a breakthrough, right now it's just a boring waiting game.
View OriginalReply0
CryptoComedianvip
· 7h ago
Laughing and then crying, XRP with a Z-value of 0.44 is like my account—looks calm on the surface but hides deadly intentions. Waiting for a catalyst? Probably just waiting for the next dump. The 2.30 to 2.40 hurdle feels even harder than getting out of the market. Supply and demand balance sounds sophisticated, but in reality, no one dares to move. Technical resistance is obvious, but my psychological pressure is even more apparent.
View OriginalReply0
PanicSellervip
· 7h ago
Hold steady at 2? I think it's just a temporary rest; the real battleground is above 2.3. Waiting for a catalyst? The catalyst is always in the next one. I'll just watch for now. Supply and demand balance sounds good, but my wallet isn't balanced. With such dull trading volume, it feels like big players are secretly positioning. Talking about accumulating and testing, I just want to know when we can push for a wave.
View OriginalReply0
GasFeeCryingvip
· 7h ago
Holding the 2 yuan level is already good, but to be honest... that wall ahead looks a bit tough. What catalyst are we waiting for? It feels like we're all waiting for XRP's temper. The 200-day moving average is really annoying, it always gets stuck here. Supply and demand balance sounds nice, but in reality, no one dares to really enter the market, understand? Can we break through 2.3 to 2.4... in this lifetime?
View OriginalReply0
ImpermanentPhobiavip
· 7h ago
Want to stand firm with just 2 yuan? Better tear down that wall above, or it's probably hopeless. Waiting for a catalyst? Instead of waiting, might as well slack off. The moving averages are all pressing down; I only believe if there's a breakout. The supply and demand balance sounds comfortable, but actually, no one dares to take the risk. That 200-day moving average hurdle is too tough; it'll have to wait until the Year of the Monkey and Horse.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)