XRPUSD last pullback consisted of a 34.5% pull back this one was about a 17.5% it is holding fairly well and making a bullish symmetrical triangle pattern. Just need 100% more volume and we will be killing it. hopefully we do not retreat to a 34% pull back which was land us in the 2.22 area.
XRPUSD The price of XRP often doesn’t move because of news alone. Markets are driven by supply and demand, and unless the news leads to a significant shift in one of these factors (e.g., a major institution buying or selling), the price may remain stable.
Here’s an example: Imagine a news article announces a new highway being built near a small town. While it’s great news for property values in theory, it won’t immediately make people buy or sell houses there. The impact on prices will only happen if people actually start moving to the area, increasing demand for housing. Until then, the news alone doesn’t change much.
Similarly, with XRP, even if the news creates awareness, the price will only move if it results in significant buying or selling in the market. It’s all about the math of how much is being bought versus sold.