BOSS Wallet data source, latest price news for Ripple XRP, the real-time price of XRP has risen 3.54% to $2.1539, trading volume $13.294 billion

Analysis from the candlestick chart indicates a consolidation trend. There is a significant rise compared to 17:00, a recovery compared to 16:00, breaking through the high point of 18:00. When the price rises while trading volume declines, it usually means that market upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence is often due to a lack of selling pressure. In this case, future prices may retrace or consolidate sideways. Due to the lack of volume support, it is difficult for prices to sustain rises, and caution should be exercised for the risk of a pullback from high levels. Investors should pay attention to whether trading volume can support price increases and whether new buying pressure is entering the market.
Overbought condition, decreasing volume, rising price. The Williams indicator shows that the current market status is overbought. Recently, trading volume has decreased, with volume down compared to previous hours, and the price is rising while volume is declining: upward momentum is weakening.

Upward momentum is weakening, beware of high-level pullback risks, it is recommended to wait and see, waiting for market direction to clarify.

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

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