In recent crypto market turbulence, Ripple's (XRP) price has remained relatively stable, trading at around $0.48. Market depth, a metric indicating the buying or selling pressure required to shift the price, is an important factor to consider during such volatility. On Binance, it would take approximately $1.44 million worth of selling orders to decrease the XRP price by 2%, while $1.2 million is needed to increase it by the same percentage.
However, on Coinbase, where trading volume is lower, only $850K would produce a 2% price shift. Despite the recent stability, XRP has struggled to break the $0.54 resistance level, and the price is slowly trending towards the next significant support level at $0.43. A bearish cross on the monthly timeframe suggests a potential change in price dynamics. As the monthly close approaches, it's crucial for buyers to step in if they hope to push XRP back above $0.50.