XRP is starting to look a lot like it did back in 2022. This is not a thing. The way XRP is behaving now is uncomfortably similar to how it was in 2022. People who follow XRP are probably getting a feeling because XRP is starting to look like it did during that time. The situation, with XRP is starting to feel like 2022 over again.
XRP has had a time it went down almost 10% since last Wednesday. This is because of the picture problems that are affecting all of crypto. When XRP goes down like this it is not really a deal, on its own. What people are talking about is how this is all happening with XRP.
Some things about the XRP setup seem really familiar to what went on during the downturn in 2022. This is making some traders feel really uneasy, about XRP. The way XRP is set up now is causing some people to worry that the same things that happened to XRP in 2022 might happen again.
The behavior of the holder is showing some early warning signs that something might be wrong with the holder. We should take a look, at the holder to see what is going on with the holder. The holder is acting in a way that is making me think the holder needs some attention.
So you look at the information that's available on the blockchain. This is where you find the sign that something is not quite right. People who bought XRP recently like in the week or month are getting it for lower prices, than the people who bought XRP six to twelve months ago. This is really interesting when you think about XRP and what is going on with XRP. People who bought XRP a time ago are paying more for XRP than the people who are buying XRP now.
The gap is important. This means people who have been holding something for a time have paid more for it while new people are getting a better deal. When the price goes down or stays the same for a while people who paid much start to feel the pressure. I saw this happen before in 2022 right before the price of XRP dropped a lot. The same thing is happening now with XRP.
Then the selling of things did not happen all at once. It started to pick up a speed and then the selling of things really started to go fast.
The volume of sales is going down. That means buyers are not really sure if they want to buy. It seems like the buyers are hesitant to make a purchase. The falling volume is a sign that the buyersre just not that interested, in buying right now. This is what the falling volume suggests about the buyers.
The volume is saying the thing. The price of XRP is going down. People are not trading it as much as they used to. This usually means that buyers are not buying XRP with confidence. The price of XRP keeps sliding. The trading activity is getting thinner. This is not a sign for XRP buyers. The volume of XRP is telling us that buyers are not sure, about buying XRP.
When the price of something drops and there is not an increase in the volume of people buying or selling it usually means that there are not a lot of people who really want to buy at that price. The price drop, without a lot of volume happened before when we went from the end of 2021 to the start of 2022. This is why the current price action of the price is really interesting to look at and not easy to ignore the price action of the price is something to think about.
The momentum is slowing down again it seems like it is losing steam. The momentum is not as strong as it used to be this is the time the momentum is weakening.
The momentum indicators are looking pretty bearish now. If you look at the MACD structure we have today and compare it to what we saw in the 2021–2022 cycle they look really similar. Momentum indicators are rolling over in a similar way, which means the selling pressure, from the momentum indicators may not be over yet. The momentum indicators are telling us that there could be selling to come.
If XRP goes below the $1.80 to $1.90 support zone, some people who follow XRP think that the price of XRP could go down fast. This could make the price of XRP go down to $1 or even lower which would be very bad for the market because it would be a shock, to people who buy and sell XRP.
The Bulls still have an argument but there are some things that need to be considered. The Bulls have a case it is true. It is not that simple, for the Bulls.
Some people do not think that XRP is going to keep falling. They believe the current price of XRP is a moment for XRP. It is where people who buy and sell XRP will make a decision about what to do, with XRP than a sign that XRP is doing poorly.
So there is a chance that something nice will happen with XRP. It looks like XRP is making a shape on the chart called an inverse head-and-shoulders. But for this to be a deal XRP needs to get back up to around $2.24, which is the average price over the last 100 days. Then XRP has to keep going up and get through the part between $2.48 and $2.52. If XRP does not do these things then we are not really sure what the shape, on the chart means for XRP.
There is also a reason to think about XRP. This is because of the way XRP prices have been acting lately. Some people who watch XRP prices think that XRP has done something. It has gone back to some prices that it has been to before. When XRP has done this in the past it has often made short term moves, on its own without caring about what the rest of the market's doing. This means that XRP might make some short term moves now and these moves will be independent of the market and the way XRP prices are acting will be important to watch.
A tense moment for XRP
XRP is in a situation right now. If you look at the data from the blockchain, the trends in trading volume and the momentum it is similar to what happened in 2022 when things were not going well.. At the same time there are some signs that things might get better if XRP can get back, to some important levels. XRP needs to reclaim these levels for a reversal to happen.
Which path XRP takes next likely depends on whether buyers step up soon — or whether history starts to repeat itself more closely.