BOSS Wallet data source, Ripple XRP price today, the latest price of XRP Ripple broke through to $1.1601, an increase of 3.55%, and the transaction volume was $11.262 billion
By studying the K-line chart, it is now in a volatile trend. Compared with 14:00, it fell sharply and rebounded compared with 12:00. When prices rise and trading volume decreases, it usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence is usually due to a lack of selling. In this case, prices may pull back or go sideways in the future. Due to the lack of trading volume support, price increases are difficult to sustain, and we need to be alert to the risk of a fall from highs. Investors should pay attention to whether trading volume can match price increases and whether there are new buy orders entering the market.
In the oscillating trend, the trading volume decreases and the price rises. According to the Williams indicator, there is no overbought or oversold at present. The trading volume has decreased recently, and the trading volume is less than the previous few hours. The price rises and the trading volume decreases: the upward momentum is weakened.

The upward momentum has weakened and the market may pull back or go sideways. We suggest waiting and watching, paying attention to changes in trading volume and new buying.
The above content is for reference only and does not constitute investment advice.