XRP Sees Three-Month Low Volatility on Binance Amid Steady Price Action
XRP's price action has been steady around $1.0 in recent weeks, sparking interest among market analysts about its next move.
A drop in realized volatility on Binance to a three-month low may signal that XRP is preparing for a major price breakout.
The 30-day realized volatility fell to around 0.34 as of August 5, indicating a quieter market with XRP trading near $1.07.
This decrease in volatility comes after heightened price swings in June and may lead to a bigger price move.