How fresh liquidity, adoption can revive XRP’s demand and short-term price on the charts
The post How fresh liquidity, adoption can revive XRP’s demand and short-term price on the charts appeared on BitcoinEthereumNews.com. Trading in XRP has been slowing down and becoming less volatile lately as speculation dried up after several months of high activity. The decline in activity did not indicate that investors may be losing confidence in XRP. Instead, this decline could mean that traders are being cautious and are waiting for stronger catalysts before committing fresh capital. In March, XRP was trading at approximately $1.13. Back then, the 30-day volume Z-score for Binance was approximately 3.00, indicating that activity exceeded the average for the same period. Source: CryptoQuant However, since late March, there have been steady declines in participation levels and volatility as well. This level of calm typically occurs prior to large directional moves by price. Whether XRP breaks higher or lower will likely depend on fresh liquidity returning and restoring stronger mar