4:26 p.m. ▪
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While the markets examine upcoming regulatory decisions, XRP is under an unexpected wave. Having become the fourth market capitalization of the sector, the asset saw a strong rebound after two decline sessions, causing a brief wave of optimism. However, behind this technical signal is a more nuanced reality: the trading volume collapsed by almost 49% in 24 hours. In a tense environment where each movement feeds speculation, XRP becomes a barometer of contradictions of the cryptographic market.
Brief
- XRP begins a technical rebound after two days of decline, reaching $ 2,192 with an increase of 2.18% in 24 hours.
- The negotiation volume collapsed by 48.96%, falling to $ 1.76 billion despite the price increase.
- Several key technical indicators remain under surveillance, including averages of 50 days and 200 days at $ 2.26 and $ 2.34 respectively.
- The market prospects remain uncertain between institutional hopes and short -term technical fragility signals.
A technical rebound, but an apparent market disinterest?
After two days of consecutive decline Wednesday and Thursday, XRP experienced an increased increase this Friday. Indeed, the Ripple crypto resumed the ground to reach $ 2,192 after finding solid support at $ 2.08.
This slight recovery of + 2.18% over 24 hours temporarily reassured the activity holders, relieved to see the crypto initiate a turnaround after a volatile week.
However, this improvement is contradicted by a major data point which was trying optimism. The volume of negotiation fell heavily by 48.96%, regulating only $ 1.76 billion, according to Coinmarketcap Figures.
Technical data confirm mixed recovery, marked by several contradictory signals:
- Has volume: -48.96% over 24 hours, from almost $ 3.5 billion to $ 1.76 billion, the signaling of the signaling operator despite the price increase;
- A persistent resistance area: the XRP price still faces a technical barrier between $ 2.50 and $ 2.60, which the current rebound does not cross;
- The medium moved under surveillance: indicators of 50 days and 200 days, at $ 2.26 and $ 2.34 respectively, are key thresholds to confirm a lasting reversal;
- A neutral graphic structure: XRP continues to evolve in a symmetrical triangle model, typical of a consolidation phase where the result depends on the resurgence of the volume.
The analysis shows that the market remains extremely careful. Thus, the gap between the recovery of prices and the collapse of the volume causes a legitimate doubt. The current increase may not be supported by a real conviction for investors, but rather by an isolated technical rebound.
To leave this area of uncertainty, XRP will have to validate the stronger signals, starting with a significant increase in volume and the exceeding of major technical resistance.
Fundamentals in motion: from stablecoin to etf, XRP resumes its ambitions
Although the market monitors the data on the channel, the main announcements are emerging. According to A dry depositChinese company Webus International has announced the creation of a corporate treasure of $ 300 million on the basis of XRP, an ambitious initiative that could strengthen the credibility of the asset as liquidity tool.
At the same time, Ripple obtained the approval of Dubai regulators For the launch of its Stablecoin Rlusd, a crypto set the US dollar designed to rationalize payments on the ecosystem of the Grand Book XRP. These developments reflect an international expansion strategy, both in terms of regulatory and technological adoption.
However, this is mainly the long -awaited decision of the American regulator on the XRP ETF Spot of Franklin Templeton, scheduled for June 17, which could serve as a decisive catalyst. The approval of such a product would potentially open the doors to massive institutional entries in XRP by offering an avenue of exposure regulated to the asset.
ETF approval could change the dynamics of liquidity and reposition XRP as the cornerstone of the institutional ecosystem.
In this context, the implications of a favorable result are considerable. If the FNB of Franklin Templeton was approved, combined with structural efforts surrounding the Rlusd and the Treasury of Webus, XRP could resume a more organic moment, motivated both by adoption and institutional demand. Conversely, a rejection of the dry and a prolonged stagnation in the volume of negotiation would reinforce the idea that the current rebound is only an illusion.
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Diploma of Sciences Po Toulouse and holder of a Blockchain certification consultant issued by Ayra, I joined the Cointribuna adventure in 2019. Convinced of the blockchain potential This ecosystem in Constantie Evolution. My goal is to allow everyone to understand the blockchain and to seize the opportunities it offers. I strive every day to provide an objective analysis of adreity, to decorate market trends, to relay the latest technological innovations and to put into perspective the economic and societal En Marche Enjenes.
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