News editors - XRP 13 % increased in 24 hours, as the wider encryption market has recovered from its latest lowest levels.
- Low trading volume (-22 %) and a negative balance of power (-0.57) indicates poor demand.
- If the purchase of momentum fades, XRP may decrease to $ 2.13 or even $ 1.48; Renewable order can pay it to $ 2.94.
XRP wore 13 % over the past 24 hours, gathering along with the broader cryptocurrency market after a period of decline. The last shrinkage arose due to concerns about Donald Trump’s tariff proposed on Canada, Mexico and China. However, with Trump’s approval to delay the customs tariff for Canada and Mexico for 30 days, the market morale improved, which led to the renewal of the purchase activity.
The XRP Rally faces weak demand signals
Despite this two -digit prices, indicators indicate the chain that the gathering may not last. The main red flag is the low trading volume in XRP, which has decreased by 22 % to 22.39 billion dollars over the past 24 hours.
In general, the high prices associated with a decrease in size indicate that the momentum is weak in purchase, as less than traders support the bullish trend actively. This indicates that the XRP recovery lacks strong demand, which increases the probability of price reflection.
In addition, the XRP (BOP) power index remains negative at -0.57, indicating that the declining pressure still dominates the market. BOP tracks the power of buyers against the sellers, and when it is negative, it indicates that the sellers are still controlling the procedures, despite the recent gains.
At the time of the press, XRP represents a 45 % recovery of the lowest level in the two at $ 1.77. However, the sustainability of this gathering depends on whether the demand is increasing or weakening in the coming days.
- Detailed scenario: If the trading volume continues to decrease and fade the market momentum, XRP may return to $ 2.13. The rest of this subsidy may send the price to less than $ 2, which may decrease to $ 1.48, the last level was seen in November.
- The upscale scenario: If the demand remains, XRP can climb about 2.94 dollars, which will nullify the downward expectations and a reference to more bullish direction.
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