đš $XRP
Showing Early Signs of Recovery After 45% Drop
$XRP recently faced a strong correction in February, where the price dropped almost 45% from its recent high. Such sharp drops usually create fear in the market. However, current price action is showing early signs that XRP may be starting a recovery phase.
One important level to watch is $1.20. This zone has acted as strong support. Every time price moved near this level, buyers entered the market and defended it. This shows there is strong demand around $1.20, and big players may see value at this price.
đ Volume Analysis
Trading volume is still higher compared to the levels before the drop. This is a positive signal. It means traders and investors are still active in the market. If volume was falling, it would show weak interest. But right now, participation remains strong.
đ On-Chain Data & Wallet Growth
On-chain data shows increasing wallet activity. More wallets are interacting with XRP again, which suggests renewed interest. At the same time, large holders (whales) appear to be accumulating during this weakness. This often happens when smart money prepares for the next potential move.
đ Technical Structure
From a technical point of view, XRP is trying to create higher lows. This is an important signal. Higher lows usually mean the downtrend is slowing down and price is stabilizing.
If:
$1.20 support continues to hold
Volume stays strong
Price breaks nearby resistance levels
Then XRP could move from a recovery phase into a stronger expansion phase.
â ïž For now, traders should focus on:
Market structure
Liquidity zones
Sustained volume confirmation
Without confirmation, expecting new highs too early can be risky.
Stay patient and trade smart.
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