This is a daily technical analysis of the Coindesk analyst and rented market technician Omkar Godbole.
An XRP measure
The volatility of prices has crashed with the lowest level since the victory of President Donald Trump in the United States elections in November. Even so, it is not yet at the level that has historically forested strong directional trends.
The annualized volatility of 30 days of XRP, a measure of how volatile prices have been in the last four weeks, recently fell to 44%, the lowest since the beginning of November, according to the view of the data source. The decline marks an acute sliding of maximums exceeding 150% registered in December and March.
The collapse of volatility follows the action of the boring price in the XRP market. This despite the debut of XRP futures at the CME, several emitters request ETF Spot XRP and general positive regulatory developments for the cryptographic industry under the presidency of Trump.
Since March, XRP has mainly negotiated back and forth between $ 2 and $ 2.60, except for the occasional short -term falls below $ 2. XRP is the cryptocurrency centered on the payments used by the Fintech Ripple company to facilitate cross -border transactions.
The price action is consistent with that of Bitcoin, the leading cryptocurrency for market value, which has mainly negotiated between $ 100,000 and $ 110,000 for almost 50 consecutive days.
What follows?
Volatility is a medium reversal, which means that, over time, it tends to fluctuate around its long -term average. In other words, a strong increase in volatility often paves the path for consolidation, and a prolonged fall in volatility generally prepares the scenario for strong directional tendencies.
That said, the volatility carried out for 30 days is still well above the range of 15% to 30%, which has marked the volatility and the renewed price turbulence since 2014.
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