To be honest, this round, $XRP pushing up to around 1.23—most people are still stuck on whether it can hold, but what I’m seeing is the on-chain signal: the XRP reserve held by exchanges has dropped by roughly 420 million coins over the past three days. This isn’t a minor fluctuation; it’s a real, tangible withdrawal movement.
The volume–price relationship makes it even clearer. Yesterday, $XRP moved from 1.065 to this level, and trading volume hit $2.8 billion, yet the price is still grinding around 1.23 instead of rushing higher. This kind of movement usually means the chips are being rotated—turnover among holders, not the kind that looks like distribution. It’s retail selling to big players.
Chasing longs at this point is definitely a bit awkward. But if you wait for it to pull back to 1.18 and then go in, you might not get that chance, because the buy orders have already come in. On the daily timeframe, if it can keep consolidating in this range for two days, then the next test of 1.4 is highly likely. Don’t wait for someone to confirm the signal— the chart has already told you the direction.
The volume–price relationship makes it even clearer. Yesterday, $XRP moved from 1.065 to this level, and trading volume hit $2.8 billion, yet the price is still grinding around 1.23 instead of rushing higher. This kind of movement usually means the chips are being rotated—turnover among holders, not the kind that looks like distribution. It’s retail selling to big players.
Chasing longs at this point is definitely a bit awkward. But if you wait for it to pull back to 1.18 and then go in, you might not get that chance, because the buy orders have already come in. On the daily timeframe, if it can keep consolidating in this range for two days, then the next test of 1.4 is highly likely. Don’t wait for someone to confirm the signal— the chart has already told you the direction.