Aggressive buying accounted for the majority of trades, but that does not mean prices can hold within the existing range.
$XRP The spot price fell, closing at $1.1846 and breaking below the lower bound of the range, which had held at $1.1894 for the previous four hours.
Spot trading volume during that period exceeded $2.9 million, more than twice the previous average, with aggressive buyers still accounting for nearly 60% of trades.
The elevated buying pressure failed to reverse the downward shift in the market’s center of gravity. After prices moved out of the previous range, buyers and sellers began re-establishing a balance of trading at lower levels.
$XRP The spot price fell, closing at $1.1846 and breaking below the lower bound of the range, which had held at $1.1894 for the previous four hours.
Spot trading volume during that period exceeded $2.9 million, more than twice the previous average, with aggressive buyers still accounting for nearly 60% of trades.
The elevated buying pressure failed to reverse the downward shift in the market’s center of gravity. After prices moved out of the previous range, buyers and sellers began re-establishing a balance of trading at lower levels.