XRP continues to be under pressure, showing no signs of a meaningful recovery despite short bursts of optimism. Technical indicators suggest that a return to the $3 mark is becoming increasingly unlikely.
Lack of Recovery for XRP
According to data from TradingView, XRP has been unable to break above its 50, 100, and 200 exponential moving averages. These levels are closely clustered together, forming a significant 'roof' under which the price has been moving for several weeks. This has led to a considerable squeeze and a reduction in XRP’s trading window.
Volatility Compression and Resistance
The current phase of volatility compression seen in XRP often precedes breakouts, but there is little evidence of bullish strength. Speculative interest in altcoins is fading, and XRP has not attracted the liquidity needed for a strong recovery. Any breakout attempt under such weak volume conditions would likely fizzle quickly without sustained buyer activity.
Future Prospects for XRP
XRP continues to hover below critical resistance levels, with no surge in buying power in sight. Until trading volume rises and price action clears above technical ceilings, the $3 target looks far and unrealistic.
Currently, XRP faces significant difficulties overcoming resistance and shows no signs of recovery. The likelihood of reaching the $3 target remains low.
