Market Overview
XRP trades near $2.21 as reaccumulation signals shape price behavior within a controlled range. Wyckoff structure aligns with a year-long setup noted by Charting Guy in recent analysis. Market activity shows firm liquidity as supply metrics maintain stability across the range.
XRP trades within a narrow range as market activity shows steady behavior supported by structured price movements. The asset continues to attract attention as traders assess direction and volume.
Reaccumulation Structure in Focus
XRP’s market setup reflects a year-long reaccumulation pattern referenced by Charting Guy in a recent post. The Wyckoff structure displayed in the shared chart shows defined phases where price moves within controlled levels. This structure outlines shifts from early absorption to later strength.
The pattern begins with Preliminary Support, Buying Climax, and an Automatic Reaction. These early formations create the broader range that guides market behavior for months. The Secondary Test then confirms boundaries that hold the structure in place.
A prolonged Phase B forms as price attempts to break higher but encounters liquidity tests. The Upthrust in Phase B marks a key moment where overhead supply is examined. Price then moves into a descending channel known as the Creek, creating pressure on short-term holders.
Spring and Breakout Development
The lower end of the structure forms the Spring, where price briefly moves under support. This action typically invites selling, yet in this pattern it forms the turning point. The Test that follows returns to this level with reduced activity, suggesting controlled conditions.
Phase D then shows a Sign of Strength as XRP rises above resistance. The chart reflects expanding movement and volume during this stage. Last Points of Support appear as smaller pullbacks that show steady demand absorbing remaining supply.
A Jump Across the Creek forms when price moves above the descending channel. This moment shows a shift where momentum accelerates. Sidelined traders often react after this break, leaving earlier accumulation behind.
Short-Term Activity Near $2.21
The last 24-hour chart indicates that XRP was fluctuating around the level between two and three dollars. The price action is stable and shallowly volatile. Intraday activity includes an early decline followed by recovery toward $2.21.
A volume surge near $2.18 appeared during a brief sell-off, shown by a $3.95 billion reading. Market behavior after that moment shows buyers entering the range. This movement prevented deeper selling and restored short-term stability.
Long-term supply data shows 60.3 billion XRP in circulation out of a near-fixed maximum. Treasury holdings remain moderate relative to total supply. This creates a steady environment where price forms structured movements without distortion.