XRP Shows Accumulation Amid Bearish Market Signs
Key Takeaways
- XRP shows signs of accumulation but remains under strong resistance at $2.30.
- Technical indicators suggest mixed signals: buyers are active, but the market remains cautious.
- A short-term rise toward $2.36 is possible, followed by a potential correction.
Current Market Situation for XRP
XRP, the cryptocurrency of the Ripple network, is currently under close observation. Despite a phase of accumulation by investors, the price remains stuck in a sideways movement. The price structure on the daily chart still presents a bearish picture. While there are early signs of a possible trend reversal, a clear breakout above the $2.30 resistance has yet to occur.
Accumulation Indicates Long-Term Interest
Data shows that capital outflows from centralized exchanges were strong in May but have slowed down in June. This indicates that investors are increasingly holding XRP in private wallets – a typical sign of accumulation. The network value to transaction volume ratio (NVT ratio) has also decreased. This may suggest that XRP is undervalued relative to its actual usage.
Technical Indicators at a Glance
The Relative Strength Index (RSI) currently stands at 50.8 – a neutral value that indicates a slight upward movement. Previously, the RSI remained below 50 for several weeks, signaling bearish momentum. The On-Balance Volume (OBV), an indicator of buying volume, has not reached new highs since April but shows a series of higher lows. This suggests a gradual increase in buying interest.
Resistance Zone at $2.30 Remains Critical
The zone between $2.29 and $2.36 represents a significant hurdle according to liquidity data. A high concentration of open positions is located here, which could lead to increased volatility. A short-term rise into this zone is possible; however, a reversal could occur there. If XRP fails to sustainably break through this level, a pullback is likely.
Price Structure Remains Bearish
Although spot buyers have had the upper hand over the past three months according to cumulative volume delta (CVD), the price has failed to break out of the current range. The last attempt to surpass the high at $2.60 was unsuccessful. As long as no new highs are reached, the market remains technically in a downtrend.
Our Assessment
XRP shows positive signals in terms of accumulation and buying interest, but the price remains under strong resistance. A short-term rise toward $2.36 is conceivable, but without clear breakouts, the risk of a correction remains. For traders, this means: patience and close monitoring of the resistance zone are essential. Long-term investors might view the current prices as a buying opportunity but should wait for further confirmation.
You should read that too:
-
Asian Slots – The Best Asia-Themed Online Slot GamesReading time: ~ 3 minutes
-
Fruit Slots: The Best Fruit-Themed Slot Machines at a Glance
Reading time: ~ 3 minutes
-
Low Wagering Casino Bonuses 2025
Reading time: ~ 3 minutes
-
Easter Slots – Best Easter-Themed Slot Games
Reading time: ~ 3 minutes
-
Monster Slots: Best Monster-Themed Slot Games
Reading time: ~ 3 minutes
Sources
- Coinglass
- TradingView
| Symbol | XRP |
| Coin type | Alt Coin |
| Transaction Speed | High |
| Pros |
|
| Cons |
|
| Further practical applications | |
| Price | 2.3 |
| 24h % | -1.03 % |
| 7d % | 2.74 % |
| 30d % | -2.92 % |
| 60d % | 13.43 % |
| 1y % | 364.87 % |
| Official Links | Website |
| Socials | X |
Advertising transparency