business
XRP steadies near $1.32 as failed breakout keeps focus on narrowing trading range
Key takeaways
- The market is still compressing underneath resistance, though the lack of aggressive selling below $1.30 also suggests larger holders are not fully stepping away yet.
- • Sentiment across crypto markets weakened during the session, with fear-driven positioning rising to the highest levels in roughly three weeks.
- • On-chain data still showed XRP leaving major exchanges, a pattern some traders interpret as longer-term accumulation rather than active distribution.
The market is still compressing underneath resistance, though the lack of aggressive selling below $1.30 also suggests larger holders are not fully stepping away yet.
• Sentiment across crypto markets weakened during the session, with fear-driven positioning rising to the highest levels in roughly three weeks.
• On-chain data still showed XRP leaving major exchanges, a pattern some traders interpret as longer-term accumulation rather than active distribution.
Article preview — originally published by CoinDesk. Full story at the source.
Read full story on CoinDesk →
More top stories
Aggregated and edited by the Scoop newsroom. We surface news from CoinDesk alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop