- XRP rebounded from the lows of late May and rose above $1,30 amid high trading volume.
- However, the average active trader suffers large unrealized losses.
XRP recovered above the $1,30 mark after a sharp rise in trading volume, which increased to 107,9 million. XRP.
In the last 24 hours XRP rose nearly 1,9% to $1,31, recovering from lows around $1,26. However, the price remains significantly below levels that could confirm a sustained trend reversal. As a result, the average active trader faces unrealized losses of approximately 47%.
However, from a technical analysis point of view, the rise interrupted a series of consecutive lows that indicated weakness. XRP. At the same time Altcoyin continues to trade below key resistance levels, particularly around $1,40 and $1,65. The market remains within a larger triangular structure: the current rebound could be part of a larger struggle rather than the start of a new trend. Analysts disagree: some are talking about a final decline, while others are seeing the beginning of a recovery phase.
Previously edited Happy Coin News Reported, that forecast market traders polymarket don’t rate the chances of growth very highly XRP by June 1st. Probability of achieving XRP They estimated the probability of the token rising to $1,60 at 4%, while the probability of the token rising to $1,80 reached only 1%.
It is curious that the former technical director Ripple David Schwartz sold his tokens long ago, and also does not recommend to acquire shares of the company.
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