Leading analyst Austin Hilton examined the current trends in the XRP market and the strategic importance of support and resistance levels.
XRP Market Condition
Austin Hilton notes that the XRP market is currently in a state of quiet with no significant changes. Trading volume has dipped from $4.5 billion to $4 billion. However, institutional investors are continuing to purchase the asset in large volumes despite the low market activity.
XRP Support and Resistance
Hilton emphasizes that XRP will likely remain in the range of $0.224-$0.28 unless significant changes occur, such as legislative decisions or global market movements.
Tool Potential and Forecasts
Hilton also reviews the impact of his trading tools like X1 Algo, which has shown 9–10% gains on recent XRP moves. He notes that the market may remain stable until October before entering a new phase of activity.
Investors and analysts continue to closely monitor developments around XRP while waiting for the right moment to make decisions.
