Let’s start with the uncomfortable part: $XRP spot has been sitting at a loss of 3.47% for 24 hours, and the current price of 1.03 USDT has been far from smooth.
I checked the market data: it hit a high of 1.0696 USDT and a low of 1.0164 USDT over the day, with rolling 24-hour trading volume of about 106,965,374.48 USDT.
Over the short term, its trading volume changed from 4,630,664.67 USDT to 2,837,871.47 USDT across two consecutive complete 1-hour windows, a decline of 38.7157%. Although the latest complete 1-hour closing price change was +0.5562%, volume has clearly contracted.
For a large-cap asset, looking at volume, this contraction suggests that turnover is slowing, with bulls and bears locked in a stalemate.
I checked the market data: it hit a high of 1.0696 USDT and a low of 1.0164 USDT over the day, with rolling 24-hour trading volume of about 106,965,374.48 USDT.
Over the short term, its trading volume changed from 4,630,664.67 USDT to 2,837,871.47 USDT across two consecutive complete 1-hour windows, a decline of 38.7157%. Although the latest complete 1-hour closing price change was +0.5562%, volume has clearly contracted.
For a large-cap asset, looking at volume, this contraction suggests that turnover is slowing, with bulls and bears locked in a stalemate.