XRP's realized volatility on Binance has dropped to a three-month low, with the 30-day reading near 0.34 as of August 5. The token trades near $1.07 after slipping about 1.68% over the past day, a quiet phase that in past cycles has come before bigger price moves.
XRP's 30-day realized volatility on Binance has fallen to around 0.34, its lowest level in three months. The token is trading near $1.07, down about 1.68% over the last day, after mixed price action that has kept it steady around $1.0.
Onchain data cited in the report shows XRP's realized volatility on Binance sliding to its three-month low, pointing to one of the asset's quietest stretches in recent months. That marks a slowdown from the heightened volatility seen in June.
A decrease in volatility does not by itself signal whether prices will move higher or lower. Yet it has often been followed by periods of consolidation that eventually lead to stronger price action in previous cycles.
Historical data shows XRP has just entered one of its worst months. Over the past years, XRP has consistently logged negative price returns in its August performances, dashing hopes of a major price recovery this month should history repeat itself.
Source: U.Today
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