Record Volume and Bearish Pressure on XRP
Despite a trading volume exceeding $4 billion, XRP is struggling to maintain its bullish momentum. This combination of high volumes and falling prices suggests a distribution phase, where selling pressure dominates in the short term.
The situation is accentuated by the correlation with Bitcoin, which remains a key factor in the movement. When BTC shows signs of weakness, altcoins tend to amplify the correction, and XRP is no exception to this logic.
Although ETF inflows remain positive in the long term, they are not currently sufficient to reverse the immediate bearish sentiment. The market is thus entering a critical decision phase for the continuation of the trend.
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The $1.55 Support at the Heart of the Matter
From a technical standpoint, the $1.60 zone remains contested, but the major support lies at $1.55. A clean break below this level could invalidate the recent bullish structure and pave the way for a bearish acceleration toward lower liquidity zones.
Conversely, a solid defense by the Bulls at this support could trigger a technical rebound. Traders are watching for signals such as a reversal candle or a bullish divergence on momentum indicators.
Faced with this uncertainty, the market remains divided. Some suggest discreet accumulation by whales in a climate of fear, while others favor waiting for a confirmed breakout. The key question remains: buy the dip at $1.55, or wait to avoid catching a falling knife?
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