XRP Volatility Hits Three-Month Low Ahead of Potential Breakout

XRP's realized volatility on Binance has hit a three-month low, according to latest onchain data.

This indicates that XRP is currently trading through one of its quietest periods in recent months, with its 30-day realized volatility dropping to around 0.34 as of August 5.

The rapid decrease in the XRP volatility metric has come when XRP is trading near $1.07, following a price decrease of about 1.68% over the last day.

This reflects a noticeable slowdown in XRP's day-to-day price swings after the heightened volatility seen in June, positioning it for a bigger price move.