Peter Smith
XRP bounced from $2.10 and is now battling the 26-day moving average. Bulls are pushing, but weak volume raises questions about this recovery's strength.
XRP (RIPLLE) Recovery Lacks Volume Support
XRP surprised traders with a solid bounce from $2.10, now testing the 26 EMA resistance. The recovery from the 200 EMA support formed a descending wedge pattern - typically bullish if volume confirms.
But here's the issue: volume is weak. On-chain data shows no whale accumulation, and trading activity is declining. Without proper volume, this could be a fake breakout waiting to trap bulls.
XRP Technical Outlook Remains Mixed
The RSI sits in neutral territory, meaning XRP could move either way. The price action looks decent, but there's no real firepower behind it.
Everything depends on the 26 EMA. Break above with volume, and XRP could hit $2.30. Fail here, and we're looking at a retest of $2.10-$2.00 support.
Smart traders are waiting for confirmation. XRP shows promise but lacks conviction - sometimes the best trade is no trade.
Peter Smith
