The post Ripple Wins, Powell Speaks—But XRP Price Still Doesn’t Move: Here’s Why appeared first on Coinpedia Fintech News
XRP price continues to surprise traders by staying largely unaffected by major catalysts in the crypto market. Despite Ripple’s courtroom victories in the ongoing Ripple vs. SEC case and Jerome Powell’s recent Jackson Hole speech sparking rallies in Bitcoin and Ethereum, XRP remains range-bound. This unusual detachment has left investors questioning why XRP trades differently from other top altcoins. Understanding XRP’s muted price reaction requires a closer look at liquidity, investor psychology, regulatory overhang, and its real-world utility.
XRP’s price immunity is not random but linked to strong market factors and investor behaviour shaping the token’s movement. Here are some of them.
XRP price has been experiencing acute price compression in the past few months, which has kept the rally within a confined range. Meanwhile, the start of the monthly trade was bullish, but the current chart patterns suggest that the bullish strength is faltering. Now the question arises: what could be next for the XRP price rally?
After surpassing the final barrier and smashing a new ATH, the XRP price is consolidating within a narrow range between 0.618 FIB and 0.786 FIB. However, the price surged past the range but failed to reach 1 FIB. Interestingly, the monthly CMF has remained flat since 2018, which suggests no major influx of liquidity since then, but has not dropped into the negative range either. On the other hand, the monthly RSI continues to remain incremental and has also entered the overbought range.
Therefore, the XRP price continues to remain within the bullish range and could eventually mark a new ATH, but considering the above points, reaching $10 could be a tedious job for the third-largest token.
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