XRP Volume Drought Raises Stakes for Potential April Breakout
- Volume Decline: XRP's volume z-score on Binance has fallen to near-zero, indicating trading activity has dropped to statistically unusual lows, which traders often interpret as a buildup before a significant price movement.
- Profitability Drop: On-chain data reveals XRP has hit a 21-month low in profitability, leaving many holders underwater, which may pressure short-term holders to exit while long-term participants either accumulate quietly or wait for a reversal.
- Coiled Spring Setup: The vanishing volume and weak profitability are creating a classic coiled spring setup, where the market appears calm but pressure is building underneath, suggesting a potential sharp price movement when it finally breaks.
- Uncertain Future Outlook: Despite cautious market sentiment, XRP remains in a holding pattern, with current volume data not confirming a real breakout, and future movements will be influenced by macro trends, overall crypto sentiment, and liquidity shifts.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 0 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0566 | 0.0584 | 0.0603 | 0.062 | 0.0639 | 0.0657 | 0.0675 |
| Fibonacci | 0.0584 | 0.0598 | 0.0607 | 0.062 | 0.0634 | 0.0643 | 0.0657 |
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