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Been watching XRP lately and honestly the volatility has gotten pretty wild lately - or actually, the opposite. It's been super quiet. Volatility metrics are hitting 2024 lows and that's kind of interesting from a trading perspective.
When volatility dries up like this, it usually means the market's either sleeping or consolidating before a move. XRP down about 1.7% in the last 24 hours, which is basically flat compared to what we've seen before.
The question now is whether this low volatility period breaks upward or we see more downside. Historically when volatility compresses this much, it tends to explode one way or another. Curious what happens next with XRP given these conditions. Anyone else watching this setup or am I reading too much into quiet markets?