XRP continues to face persistent selling pressure, with price action showing 
limited momentum as broader crypto market conditions remain fragile. The token 
has struggled to establish a clear recovery trend, reflecting cautious 
investor sentiment and subdued speculative activity. While volatility has 
eased compared with previous sharp moves, the lack of strong buying conviction 
suggests the market remains in a consolidation phase rather than a confirmed 
rebound. Related Reading: Bitcoin BCMI Drops Toward Bear Market Territory: How 
Close Is BTC To A Real Buy Zone? A recent CryptoQuant report provides 
additional insight through analysis of XRP trading volume on Binance using a 
30-day Z-Score framework. According to the data, XRP is currently trading near 
$1.37, with daily trading volume around 173 million XRP. The Z-Score hovering 
close to zero indicates that trading activity is broadly aligned with its 
recent historical average, without significant spikes or contractions. This 
equilibrium in volume typically reflects a balance between buyers and sellers, 
often emerging after periods of heightened volatility. Rather than signaling 
immediate bullish or bearish dominance, such conditions tend to accompany 
market stabilization or repositioning phases. In practical terms, the data 
suggest traders are reassessing exposure while awaiting clearer directional 
signals. Until a decisive increase in volume or sentiment emerges, XRP’s price 
dynamics may remain slow, with consolidation continuing to define the near- 
term market environment. XRP Volume Equilibrium Suggests Consolidation Before 
Next Major Move Historical comparisons in the CryptoQuant report suggest that 
XRP’s volume Z-Score has frequently acted as a leading indicator for major 
price movements. Periods marked by sharp spikes in the metric have often 
preceded significant directional moves, both upward and downward, as sudden 
increases in trading activity typically reflect shifts in market conviction. 
Conversely, when the Z-Score stabilizes near zero, the market tends to enter a 
consolidation phase in which buying and selling pressures remain broadly 
balanced before a new trend eventually develops. The current reading fits this 
latter pattern. With the Z-Score hovering close to neutral levels, XRP appears 
to be in a holding phase rather than building momentum for an immediate 
breakout. This environment generally corresponds with reduced volatility, 
slower price development, and cautious positioning among market participants. 
However, such equilibrium phases rarely persist indefinitely. A decisive 
increase in trading volume could quickly alter the landscape. A sustained move 
in the Z-Score above +2 would likely signal strengthening participation and 
potential bullish momentum, while a sharp drop below that threshold could 
indicate renewed defensive positioning and the risk of further corrective 
pressure. For now, volume behavior suggests preparation rather than 
resolution, with the next significant move likely dependent on whether 
participation expands or contracts. Related Reading: Ethereum Endures Historic 
Liquidation Week: Largest Sustained Liquidation Phase Since 2021 XRP Price 
Tests Key Support As Downtrend Structure Persists XRP continues to trade under 
sustained selling pressure, with the chart showing a clear deterioration in 
structure since late 2025. After failing to hold above the $2.00–$2.20 region, 
price action accelerated lower, pushing XRP toward the $1.30–$1.40 area, which 
now represents the nearest visible support zone. The recent decline appears 
sharp rather than gradual, suggesting reactive selling rather than orderly 
repositioning. From a trend perspective, XRP is trading below its major moving 
averages, which are now sloping downward. This alignment typically reflects a 
bearish medium-term structure, where rallies tend to encounter resistance 
rather than trigger sustained upside continuation. The inability to reclaim 
these averages reinforces the idea that momentum currently favors sellers. 
Related Reading: Bitcoin Realized Losses Hit Luna Crash Levels — But Price 
Context Points To A Different Market Phase Volume dynamics also deserve 
attention. The latest drop was accompanied by elevated activity compared with 
preceding consolidation phases, indicating active participation in the selloff 
rather than thin liquidity moves. Historically, such spikes can precede either 
capitulation lows or continued downside, making confirmation essential. 
Technically, a sustained recovery above the $1.80–$2.00 region would be needed 
to stabilize sentiment. Until then, the broader structure suggests caution, 
with consolidation or further downside remaining plausible scenarios while 
market confidence rebuilds. Featured image from ChatGPT, chart from 
TradingView.com

Liquidity Or Liability? History’s Hard Lessons For The XRP Momentum Play

Cryptocurrency markets have undergone structural changes that may prevent most 
alternative digital assets from reaching their previous all-time highs.

Altcoins won’t recover previous highs: analyst

The CFTC is forming a high-profile Innovation Advisory Committee featuring 
leaders from Coinbase, Ripple, and other major crypto and exchange firms to 
shape rules for AI, blockchain, and evolving U.S. derivatives markets. US 
Markets on the Brink of Reinvention as CFTC Builds Dream Team for Financial 
Innovation The Commodity Futures Trading Commission (CFTC) announced on […]

CFTC Unveils All-Star Committee—Ripple and Coinbase Join Elite Roster Fueling Crypto Regulatory Breakthrough

Bitcoin is nearing a level on the MVRV ratio that historically lines up with 
market “undervaluation,” according to CryptoQuant contributor Crypto Dan, as 
traders look for signs that a four-month drawdown from October 2025’s all-time 
high is shifting from distribution into accumulation. Is Bitcoin Undervalued? 
In a post on X, Korean Dan said Bitcoin is “approaching the undervalued zone,” 
arguing that the market is getting close to a threshold that has often marked 
compelling risk-reward for longer-horizon buyers. Related Reading: Is The 
Bitcoin Bottom In? Leading On-Chain Analyst Sees A Floor Forming “After 
reaching its all-time high in October 2025, Bitcoin has been declining for 
approximately 4 months and is now approaching the undervalued zone,” he wrote. 
“Generally speaking, when the MVRV ratio falls below 1, Bitcoin is considered 
to be undervalued. The current value is around 1.1, which can be seen as being 
close to the undervalued zone.” The MVRV framing matters because the metric 
has tended to compress toward 1 around prior cycle lows. The chart shared 
alongside the post shows the ratio at roughly 1.10, with earlier sub-1.0 dips 
highlighted around past bottoming windows. Crypto Dan cautioned that traders 
shouldn’t assume the current setup will rhyme perfectly with prior drawdowns, 
specifically because the preceding advance looked different on valuation 
measures. “ However, unlike previous cycles, it is necessary to recognize that 
in this cycle, Bitcoin did not sharply rise all the way into the overvalued 
zone during the uptrend,” he wrote. “Accordingly, the pattern of the decline 
may also appear differently from the previous bottom zones, so it seems 
prudent to prepare for that possibility in our response.” That caveat became 
the focal point of a short back-and-forth in replies. One user, onlyus8x, 
suggested that if Bitcoin reached this cycle’s prior all-time high more than 
three times faster than before, the downturn could also resolve faster—“might 
the winter also pass 3 times faster?” Related Reading: Bitcoin Flashes Luna- 
Level Capitulation Signal at $67K, Not $19K Crypto Dan pushed back on a simple 
speed analogy, replying: “Because there are differences from your past, I 
personally set the criteria differently from past decline cycles by 
comprehensively judging these things as well.” Mayer Multiple And The 200-Week 
MA A separate post from analyst Will Clemente pointed to two long-watched, 
price-based benchmarks that are also pressing into historically constructive 
ranges. “Throughout Bitcoin&#8217;s life span we have seen two indicators continue 
to be the best global market bottom signals: The Mayer multiple (distance from 
200 day moving average) and the 200 week moving average,” Clemente wrote. 
“Both of these are clearly in long term accumulation territory.” The charts he 
shared show a Mayer Multiple around 0.60, alongside a backtest table that 
flags prior instances when the indicator fell to roughly that level. The same 
image placed Bitcoin’s 200-week moving average near $57,926, with Bitcoin 
shown about 15% above it and a note that it has “not yet touched” that line in 
the current drawdown. At press time, BTC traded at $67,277. Featured image 
created with DALL.E, chart from TradingView.com

Bitcoin Flirts With ‘Undervalued’ As MVRV Slides Toward 1

The market may have already reached its peak, with slow real-world adoption 
and mixed results from initiatives like El Salvador’s Bitcoin experiment.

Cryptocurrency price in BHD