XRP is showing no signs of a meaningful recovery as it remains trapped beneath key resistance levels. Despite short-lived optimism in the market, technical indicators continue to suggest that a return to the $3 mark is increasingly unlikely.
According to data from TradingView, XRP has been unable to break above its 50, 100, and 200 exponential moving averages. These moving averages sit very closely at the top and are now a thick roof under which the price has been moving in a tamed state over weeks.
This has led to a deepened squeeze and a major reduction in XRP’s trading window. The squeeze has pushed volume down dramatically, and candles depict little price movement daily.
Market volatility has also reached its lowest level in several months, which adds to the absence of momentum on all fronts. Meanwhile, the Relative Strength Index remains at 45, indicating that neither the bulls nor the bears are really convinced.
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Source: Tradingview
Volume Collapse and Stiff Resistance Push $3 Target Further Away
This compressed volatility phase is often seen before breakouts, but current conditions offer little evidence of bullish strength. With speculative interest in altcoins fading, XRP has not attracted the level of liquidity needed to stage a strong recovery.
Any breakout attempt under such weak volume conditions would likely fizzle quickly without sustained buyer activity.
The market is presently undecided, and as the interest diminishes, XRP has become a victim. Even the weakest rallies seem to encounter opposition almost instantaneously, as the price does not gain traction against major moving averages.
In the past, XRP needed a volume and liquidity explosion to break out, but both conditions remained unfulfilled.
XRP continues to hover below critical resistance levels, with no surge in buying power in sight. Until the trading volume rises and the price action clears above technical ceilings, the $3 target looks far and unrealistic.
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