Crypto
XRP Price Stuck at $1.11: Technicals Point to Downside Flush
XRP's price is stuck at $1.11 due to exhaustion, not momentum. The short-term moving averages are in a flatband between $1.10 and $1.12, indicating a directionless market on the daily timeframe.
The weekly picture is worse, with the price trading nearly 20% below the 200-day SMA at $1.38, showing that the dominant trend hasn't flipped bullish. Any rally attempt would be climbing uphill against significant overhead supply.
Daily volume on Binance spot has barely cracked $31.5 million, which is anemic for XRP and a warning that the impending breakout will be violent and one-sided.