XRP's trading volume showed a significant anomaly today, with a 30-minute trading volume surge of over 110% compared to the previous period. The current price is around 1.883 USDT.
From a technical perspective, the price has approached a key support zone. The main support level on the 1-hour chart is at 1.8617, with only 0.59% space from the current price. A broader support range is distributed between 1.8407 and 1.8617.
A sharp increase in trading volume often signals the beginning of a trend. In this context, the area around 1.8617 has become a focal point—serving as an important support and potentially an entry point for long positions.
Strategically, traders may consider placing buy orders near the support level but should closely monitor subsequent market movements. Whether the trading volume can sustain high levels will directly impact the strength and longevity of this rebound.
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RetiredMiner
· 12h ago
Trading volume surges by 110%? This move might just be another scheme to trap retail investors... However, 1.8617 does seem interesting, and I am optimistic about a rebound.
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BearMarketBard
· 12h ago
Oh my, trading volume surges by 110%? This must be a major event, right?
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PositionPhobia
· 12h ago
Trading volume surges by 110%? This move could either be a rebound or a false breakout before a dump, hard to say...
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VirtualRichDream
· 12h ago
Trading volume surges by 110%. Is XRP really about to rebound this time?
XRP's trading volume showed a significant anomaly today, with a 30-minute trading volume surge of over 110% compared to the previous period. The current price is around 1.883 USDT.
From a technical perspective, the price has approached a key support zone. The main support level on the 1-hour chart is at 1.8617, with only 0.59% space from the current price. A broader support range is distributed between 1.8407 and 1.8617.
A sharp increase in trading volume often signals the beginning of a trend. In this context, the area around 1.8617 has become a focal point—serving as an important support and potentially an entry point for long positions.
Strategically, traders may consider placing buy orders near the support level but should closely monitor subsequent market movements. Whether the trading volume can sustain high levels will directly impact the strength and longevity of this rebound.