XRP Volume CRASHES 58%—Is This The Bearish Reversal Signal We Feared? 📉
This is a Macro Analysis scenario due to the focus on chart patterns, volume trends, and ETF flows rather than specific entry/exit points.
$XRP trading activity has flatlined with 24-hour volumes plummeting by over 58% to just $1.1 billion, signaling serious trader apathy right now. 🧐
Expert analysis points to a dangerous weekly chart formation: the Gravestone Doji. This pattern, characterized by a long upper wick and no real body, screams bearish reversal after an uptrend, suggesting the market sentiment has decisively shifted lower.
This quiet period follows a sharp reversal from the $2.41 high set on January 6th. Furthermore, the first net outflows from
$XRP ETFs hit the tape, totaling $40.8 million, ending the inflow streak and adding pressure.
$XRP is currently range-bound between $1.77 and $2.41. The immediate battleground is the $2.00 level, where the daily MA 50 sits; holding this is crucial for any sustained bullish attempt. A decisive break above $2.56 could unlock the path toward $3.00 targets.
#XRP #CryptoAnalysis #MarketReversal #Altcoins 📉