XRP Market Update: Absorption vs. Distribution
XRP continues to consolidate around $1.90, even as trading volume increases. This divergence highlights an active battle between buyers and sellers at a key inflection zone.
Market Snapshot:
• Price: ~$1.90 (range-bound)
• Key Resistance: $2.00 — the critical level bulls must reclaim
• Order Flow: Elevated volume without price expansion points to long-term holders selling into rallies
Outlook:
Momentum remains neutral to cautious. A decisive daily close above $2.00 is needed to flip structure back into bullish accumulation. Until then, XRP remains in consolidation mode.
