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Over the past 24 hours, the XRP market has seen a significant revival, resulting in a net liquidity inflow of $743.7 million and instantly lifting the asset's daily trading volume by 61.15%, bringing the total to an impressive $1.96 billion, according to CoinGlass. XRP's price itself has remained frozen in a horizontal range near $1.1122, posting a microscopic change of 1.34%.
However, behind this apparent calm lies preparation for potentially the strongest technical move of the summer — a return to its main long-term 200-day moving average.
What the $744 million volume boost means for the price trend
The entire intrigue of the current moment revolves around whether XRP can use this multimillion-dollar impulse to stage a full comeback toward the 200-day moving average, which currently sits at $1.4202.
In technical analysis, this indicator is considered a key dividing line between global trends, while the chart's current compression near the blue 50-day moving average at $1.1214 makes this setup particularly compelling to watch.
Further developments in the market come down to two key scenarios:
- The bull case assumes that daily trading volume will remain above $1.8 billion, enabling a confident breakout above $1.1214 and a subsequent impulsive move toward the main medium-term target of $1.42. This would unlock 28% upside potential and return XRP to its 200-day moving average.
- The bear case is activated if buyers fail to break through the nearest barrier at $1.12. This would inevitably push daily trading volume below $1.5 billion and trigger a gradual price decline into a prolonged consolidation phase near the psychological support level of $1.00.
At the same time, the market's internal structure clearly shows that fresh capital has entered the asset on a very healthy foundation and without dangerous margin overheating. The RSI indicator, at 49.06, has recorded a rare double bullish divergence at the June and July lows, confirming the complete exhaustion of sellers immediately before the daily surge in trading volume.
The strength of this foundation is further supported by $2.50 billion in open interest and an almost neutral funding rate of 0.0066%. This points to the organic accumulation of long-term positions, primarily in the spot market, and minimizes the risk of sudden forced liquidations.
Dan Burgin
U.Today Editorial Team
