XRP’s Brutal Supply Compression Signals A Repeat Of The 2024 Expansion
XRP is struggling to reclaim higher price levels as persistent selling pressure and broader market uncertainty continue to weigh on sentiment. Despite intermittent rebound attempts, momentum remains fragile, with traders hesitant to commit capital amid elevated volatility and cautious liquidity conditions. The asset has yet to establish a convincing higher high, reinforcing the perception that XRP remains in a transitional phase rather than a confirmed recovery trend. From a technical standpoint, XRP is currently trading below key moving averages that previously acted as dynamic support. These averages now function as overhead resistance, limiting upside attempts unless price can reclaim them decisively. The shorter-term average has rolled over more aggressively, while the longer-term trend line remains upward sloping but lagging, suggesting residual macro support alongside deteriorating short-term momentum.Related Reading
Volume activity has moderated compared with the impulsive rally phase, indicating reduced speculative participation. However, declining volume during corrections can also signal seller exhaustion if accompanied by stabilization in price structure.
Immediate support appears concentrated near the recent lows around the $1.30–$1.40 zone, while resistance remains clustered near the $1.80–$2.20 range. Until XRP reclaims higher levels with strong participation, the broader trend remains fragile.
Featured image from ChatGPT, chart from TradingView.com
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