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XRP Buyers Are More Aggressive Than Ever: The Price Is Still at $1.34

XRP Buyers Are More Aggressive Than Ever: The Price Is Still at $1.34

The 100-day SMA of XRP's taker buy/sell ratio just reached an all-time high on Binance. The 1H chart shows price sitting on the 50 SMA with fading momentum after the ceasefire spike reversed.

Key Takeaways

  • XRP at $1.3478, sitting exactly on the 50 SMA at $1.3473 on low volume.
  • 100-day SMA of taker buy/sell ratio at all-time high.
  • RSI at 46.81 below signal line 51.41.
  • Taker sell ratio at cyclical low of 0.505.
  • Long-term descending triangle compression.

What the 1H Chart Shows Right Now

XRP is at $1.3478 on Binance, up 0.17% on the current candle and sitting exactly on the 50 SMA at $1.3473. The SMA is flat, neither rising support nor falling resistance, just a level the price keeps returning to after each directional attempt fails.

The structure since April 8 tells the story. The ceasefire announcement drove XRP from $1.31 to $1.395 on the largest volume bar visible on the chart. The rejection was immediate and sharp, price fell back to $1.31 within the same session before recovering to $1.36. Since then it has been grinding lower in a narrowing range, each recovery attempt shorter than the last. The RSI at 46.81 is below the signal line at 51.41, momentum is fading rather than building. Volume on the current candle is 623K, low, without conviction in either direction.

The $1.35 dotted resistance sits just above current price. The $1.31-$1.32 pre-ceasefire base is the support that has not been seriously tested since the spike. XRP is in the middle of its recent range, on a flat SMA, with declining momentum.

That is what the short-term chart says. The taker ratio data says something different on a longer clock.

What the 100-Day Taker Ratio Is Actually Showing

The 100-day SMA of XRP’s taker buy/sell ratio on Binance has reached an all-time high, two years of market orders increasingly skewing toward buyers rather than sellers at the aggregate level, according to data from CryptoQuant. This is not a reaction to recent price action. It is a trend that was already building before April.

The component data sharpens the picture. The 30-day SMA of the taker buy ratio is peaking near 0.495 while the 30-day SMA of the taker sell ratio has declined to a cyclical low near 0.505. The gap between those two readings is narrowing, sellers becoming less aggressive at exactly the moment buyers are becoming more so. That combination is the on-chain signature of seller exhaustion meeting systematic accumulation.

The ceasefire spike and its reversal happened inside that trend, not because of it. The buyers showing up in the ratio data were not chasing the ceasefire move, they were already there.

The Long-Term Structure and What It Confirms

Crypto analyst Egrag has identified a descending triangle on the long-term XRP chart forming since the 2018 peak, a declining upper trendline converging with a flat lower trendline near current price levels. The current consolidation, in his reading, is the compression phase before that structure resolves directionally.

The taker ratio reaching an ATH during the final stage of a six-year compression is more significant than if it were building during a trending market. Buyer aggression compounding at a record level while price is range-bound is the behavior that precedes a directional resolution, and it is building at the exact moment the long-term pattern Martinez identifies is most compressed.

If the triangle resolves upward, the technically supportable near-term target from a non-logarithmic measured move sits in the $4 to $7 range. Egrag Crypto presents additional targets extending to $13, $27, $100, and $225, each requiring a progressively larger macro repricing thesis that goes well beyond chart pattern completion. The chart supports the near-term case. The targets beyond it are a different kind of argument entirely, and should be read as such.

What the Data Is Actually Saying

Markets resolving from multi-year compressions with taker ratio ATHs at the base do not typically break downward. They typically break upward, slowly, then quickly. The $1.31-$1.32 support holding while the taker ratio reaches a record is the configuration that precedes a move, not one that follows it.

The trigger is not visible in the current 1H data. It rarely is before it arrives.


The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

Author

Reporter at Coindoo

Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.

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