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XRP has been a bit turbulent lately. It dropped from $1.88 and is now bouncing back and forth between $1.85 and $1.91. Sellers are holding firm around the $1.9060–$1.9100 range, pushing the price down several times.
The volume during this decline is quite interesting—at the most intense selling moments, a total of 75.3 million coins were sold in one go, nearly 76% more than usual. This indicates that there are buyers stepping in, but there are also forces quietly dumping the market.
In the short term, the price once broke through the consolidation zone of $1.854–$1.858. When it reached near $1.862, the trading volume suddenly spiked to 8 to 9 times the normal level. The bulls were buying aggressively at that time, but the upward momentum couldn't be sustained. Sellers then added more supply, and the price slid back to around $1.86.
The current situation is as follows: above $1.90, there are sell orders pressing down, while around $1.86–$1.87, there is steady buying support. Both sides are relatively strong, creating a balanced tug-of-war. The price oscillates within this range, with bulls and bears each asserting their views. Once one side's strength breaks this balance, the subsequent trend will become much clearer.
Simply put: XRP is in a delicate equilibrium right now. The $1.85–$1.91 range is a key stage, and a decisive breakout will be very important.