XRP continued to trade above the $2 level as market data pointed to stable conditions rather than speculative excess. Binance volume metrics showed restrained activity while institutional developments gathered pace across exchange-traded products and payment infrastructure.
This combination places XRP in a consolidation phase as traders watch liquidity signals to confirm the next directional move. Data from Binance showed the 30-day trading volume Z-score near 0.44, with current volumes slightly above the monthly average, while maintaining a normal historical range.
As a result, price stability persisted despite earlier volatility. According to CryptoQuant analyst ArabChain, values above 2 usually reflect sharp speculative inflows. Negative readings instead indicate weak participation and low liquidity. Thus the current Z-score reflect a positive neutral zone rather than extreme positioning.
This balance suggested recent XRP price actions came from matched buying and selling pressure. The absence of a volume spike showed no broad speculative rush. Instead, trading conditions aligned with consolidation or early accumulation behavior.
Market structure highlighted that similar Z-score levels often appear during anticipation phases. During such periods, traders typically wait for confirmation before committing capital. Volume, therefore, becomes a critical signal in any sustained move.
If the XRP prices rise alongside a Z-score above 1.5 or 2, new liquidity would enter the market. That pattern historically aligns with stronger trend development. Until then, volume neutrality limits directional conviction.
Conversely, declining volume paired with a Z-score near zero or negative may increase pressure. Such conditions often precede extended sideways movement.
At present, neither outcome has materialized; overall, this Z-score did not offer a buy or sell signal. Instead, it showed market stability while traders monitored liquidity.
What catalyst could shift volume enough to define XRP’s next major move?
Chart analyst The Great Mattsby reported that the XRP-to-Bitcoin ratio neared a breakout. The pair approached a move above the monthly Ichimoku cloud for the first time since 2018.
Historically, that setup has aligned with periods of XRP outperformance against Bitcoin. Despite improving relative strength, spot price action remained sensitive to liquidity pockets. Stop-driven moves continued to influence short-term behavior.
As a result, traders focused closely on defined price levels. Key support zones stood between $1.91 and $1.80, aligned with late 2025 lows and mid-2025 price areas. Deeper support rested near $1.25 based on historical structure.
On the upside, resistance appeared near $3.00. Further barriers emerged around the September peaks near $3.20. Last July’s highs above $3.60 marked higher resistance.
Institutional narratives strengthened as XRP entered 2026. A price target of $8 from Standard Chartered framed expectations around measured growth. The forecast tied price potential to network expansion rather than speculation.
Several data points supported that institutional trajectory. Spot XRP exchange-traded funds recorded $1.3 billion in inflows since their November 2025 launch. Exchange balances fell to 1.6 billion tokens, which marked a seven-year low.
Balances declined 57% from 3.76 billion tokens recorded in October 2025. At the same time, the RLUSD market capitalization reached $1.33 billion, positioning RLUSD as the third-largest US-regulated stablecoin.
ETF adoption data added further context. Within 50 days of launch, XRP ETFs recorded 43 straight days of inflows with no outflows. That pace made XRP the second-fastest crypto ETF to cross $1 billion after Bitcoin.
Read More: XRP Weekly Chart Signals a 2017-Style Breakout Setup: Is History Repeating Itself?
XRP holds above $2 as volume data shows neutral conditions rather than speculation. The Z-score signals balanced trading, while ETF inflows and falling exchange balances reflect rising institutional participation. The key takeaway remains clear: Future price direction depends on a confirmed surge in trading volume.