$XRP on-chain transaction volume just hit $49.7B, and the price is still stuck near $1.32, down 4.37% in 24 hours.
That volume spike doesn’t mean we’re gapping to $2 tomorrow. Most of that activity is just wallet-to-wallet transfers, not fresh buy pressure hitting order books. Bulls are defending the $1.25 support hard, but there’s zero confirmation this rally has legs yet.
If you’re holding $XRP, no rush to add here. Wait for either a clear break above $1.35 with real buy volume, or a drop below $1.2 to reassess. Chasing this chop right now is just donating to market makers.
Think your read on this $XRP chop is right? Test it in the Binance Spot Trading Season 8 competition — no real money on the line, just prize pools to prove your thesis.
#Write2Earn #BinanceSquare #XRP SpotTrading #TradingTournament
That volume spike doesn’t mean we’re gapping to $2 tomorrow. Most of that activity is just wallet-to-wallet transfers, not fresh buy pressure hitting order books. Bulls are defending the $1.25 support hard, but there’s zero confirmation this rally has legs yet.
If you’re holding $XRP, no rush to add here. Wait for either a clear break above $1.35 with real buy volume, or a drop below $1.2 to reassess. Chasing this chop right now is just donating to market makers.
Think your read on this $XRP chop is right? Test it in the Binance Spot Trading Season 8 competition — no real money on the line, just prize pools to prove your thesis.
#Write2Earn #BinanceSquare #XRP SpotTrading #TradingTournament
