BOSS Wallet data source, Ripple (XRP) today's market news, latest price of XRP: $2.3406, 24-hour increase of 2.178%, trading volume $8.165 billion

According to the analysis of the candlestick chart, it is currently in a volatile trend. Compared to 18:00, it has risen significantly, rebounding from 17:00, but has decreased from 12:00. The price is rising but the trading volume is decreasing, which usually indicates a weakening of market upward momentum and a reduction in the number of buyers.
This divergence phenomenon between volume and price may be due to insufficient selling pressure. In this case, the price may correct or consolidate in the future. Due to the lack of trading volume support, it may be difficult for the price to sustain its rise, and investors should be wary of the risk of price retreating from high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase and whether there are new buying orders entering. Trading volume decreases while the price rises. According to the Williams indicator, there is currently no overbought or oversold condition. Recently, trading volume has decreased, trading volume has decreased compared to the previous few hours, and the price has risen while trading volume has decreased: upward momentum is weakening.

The market's upward momentum is weakening, and it is recommended to maintain a wait-and-see approach, focusing on changes in trading volume and being cautious of the risk of price retreat.

The above content is for reference only and does not constitute investment advice.

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