The financial expert reveals why XRP has not yet exploded

The financial expert drew attention to several factors that may contribute to the stagnation of the last XRP prices.

Despite the optimism between investors, XRP did not test the explosive price movement that many expected, most of them are similar at $ 2. Experts attribute this recession to Factors such as There is no market, low liquidity, and lack of significant incentives.

Market conditions limit the growth of XRP

According to For financial analyst Austin Hilton, the current situation of the encryption market is due to a large -scale deficiency of enthusiasm. In a recent video analysis, he made it clear that many investors pulled their capital and are waiting for a major event to clarify matters.

“There are millions of millions of current encryption investors who took out their money and sitting on the margin, waiting for a big thing,” Notice Hilton. This decrease in attention is a major cause XRP struggled to earn momentum.

Meanwhile, founding investors accumulate quietly digital assets, including XRP. Despite the high daily trading volumes, reaching more than $ 4 billion at some point, the price remained largely not affected.

Hilton noted that until a huge positive event occurs, the market is unlikely to witness major price movements. However, events such as progress in Xrp etf Product launch, and SEC lawsuit decision against RippleAnd XRP reserve disclosure failed to run any sustainable operation due to Lack of attention.

Summer market slowdown

Another factor that affects the price of XRP is the seasonal trend to invest in encryption. According to Hilton, the summer months tend to be slow on the market, as many investors focus on personal activities instead of trading.

Hilton noted that this year is often witnessing a decrease in trading activity, and this year is likely to follow. However, with the progress of the year, experts believe that the fourth quarter can bring renewed momentum.

Hilton stressed that although short -term movements may remain limited, the long -term expectations of XRP are still positive.

Resistance levels and support XRP

Hilton noted that XRP is currently inside a narrow angle. Resistance comes in $ 2.60 and $ 2.80This means that unless the trading volume increases with the massive purchase pressure, the XRP will struggle to open these barriers.

On the other hand, the market supports market levels at $ 2.24 and $ 2.30. If the prices drop from these levels, the original may slip to less than $ 2, which increases the morale of the investors.

Hilton noted that liquidity decrease in the market is a major issue, which prevents XRP from achieving upward momentum. He also warned against expecting to increase dramatic prices in the short term, especially since there are no significant positive incentives that currently lead the market forward.

The historical XRP patterns indicate

At the same time, another market expert, Dom, Secure The XRP price is disposing differently this time compared to previous sessions. The price of XRP usually increased to new levels, but it did not spend much time integrating on those levels. This time, however, things look different.

“The longest price spends time at a level, it always reflects only how much the market participants agree on this price,” Note Dom.

Unlike the previous market courses, where the value of XRP increased and then Low quickly, the current The price range is above $ 2 He has shown more stability. He pointed out that the unification of prices at these levels indicates that XRP can Be constructive A strong base for a fracture in the future.

This behavior contrasts with previous sessions, as XRP will reach peak and retreat quickly, providing a little opportunity for investors to come out at high prices.

According to Dom, “We have seen the extent construction, acceptance, and size of more than $ 2.” Suggest this Stability can lead to a possible escalating expansion once the market acquires confidence. Currently, XRP is trading $ 2.47, an increase of 3.33 % over the past 24 hours.