XRP's performance today is worth paying attention to. The 30-minute trading volume suddenly surged by 135.8%, and the current price stands at 2.0878 USDT. Such abnormal trading volume is often not without reason—it's likely that large funds are preparing.



From a technical perspective, the 2.0712 level is a significant support, only 0.89% away from the current price. The entire support zone ranges from 2.065 to 2.0867, which is already quite close. In this situation, if the price can hold this area, the probability of a rebound will be higher.

If you're interested in going long, you can place an order around 2.0712, targeting the resistance at 2.1679. Such a sharp increase in volume usually indicates that the market is about to move, but we need to continue observing how it develops. XRP's subsequent performance should be very interesting.
XRP0,58%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
ShortingEnthusiastvip
· 01-11 01:56
The surge in trading volume has become so cliché, has it really started? --- Is it big funds preparing again? I think they are just dumping the market. --- Holding at 2.0712 for a rebound? This feels like a trap again. --- A 135.8% abnormal trading volume, I’m more bearish on this thing. --- Those placing orders waiting for a rebound will have to buy in, really. --- Is XRP trying to rally or crash this time? I can't understand it. --- Support is so tight, it feels like it could break at any moment. --- Have the bulls come in to buy? Be careful of standing at high levels. --- An increase in trading volume isn’t necessarily good; it could also mean a rush to exit. --- Just want to see if it can drop below 2.0, then it would be a real show.
View OriginalReply0
DoomCanistervip
· 01-11 01:56
Are big money players accumulating? Is this wave about to take off? The 135.8% surge in trading volume does have something to it If 2.0712 doesn't hold, I'm cutting losses and bailing
View OriginalReply0
MidnightSnapHuntervip
· 01-11 01:53
Trading volume surging so fiercely, big funds are definitely stocking up Wait, can the support at 2.0712 hold? That's the key If it breaks, it will be disastrous. Can it rebound this time? Looking at this market trend, it feels like it's about to rise Whether 2.1679 can be reached depends entirely on the next few K-lines Large-cap coins are tempting, but the risks are also truly extreme With XRP's rhythm, I'm a bit tempted to buy the dip and try Such a volume increase is either a good signal or a trap, really hard to judge If support can't hold, it's game over. Need to keep a close eye Feels like this might be a good long opportunity this time
View OriginalReply0
Tokenomics911vip
· 01-11 01:53
Large funds are gearing up again, and this wave's trading volume is exploding like crazy.
View OriginalReply0
GateUser-a180694bvip
· 01-11 01:50
Be cautious about things like a sudden surge in trading volume.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)