XRP is trading near $2.05 after days of selling pressure, with trading volume data from Binance showing a 30-day Z-Score of 0.44 — a reading that suggests balanced market conditions rather than panic selling or speculative excess.
What Happened: Volume Data Shows Stable Trading
The Z-Score measurement places current trading volume slightly above its 30-day average but well within historically normal ranges, according to metrics shared by Arab Chain via CryptoQuant.
Values above +2 typically indicate aggressive speculative inflows, while deeply negative readings signal market apathy. XRP's position in the positive-neutral zone reflects neither extreme.
The token recently rebounded from sub-$1.90 levels, with buyers defending the psychological $2 threshold that has served as a pivot throughout this cycle.
Why It Matters: Technical Structure Remains Weak
XRP continues to trade below its major moving averages, with the 200-day moving average near the $2.55–$2.60 area representing critical medium-term resistance.
If the Z-Score rises above the 1.5–2.0 range alongside price gains, it would suggest fresh capital entering the market and could mark the beginning of a momentum-driven advance. Conversely, further volume contraction would imply fading interest.
For bullish momentum to regain credibility, the token must reclaim and hold above the $2.30–$2.40 region, followed by a break above the 200-day moving average.