XRP Price Reaches New Milestones as Taker Ratio Hits All-Time High

XRP's price has been hovering around $1.3478 on Binance, with its 100-day taker buy/sell ratio reaching an all-time high. This trend suggests that buyer aggression is increasing, which could lead to a directional resolution in the long-term structure of XRP's chart.

According to CryptoQuant data, the 100-day SMA of XRP's taker buy/sell ratio on Binance has surpassed previous records. This indicates that buyers are becoming more aggressive than ever before, with a gap between the 30-day SMA of the taker buy and sell ratios narrowing.

The long-term structure of XRP's chart is also noteworthy, as it shows a descending triangle forming since the 2018 peak. The compression phase of this pattern could be nearing its end, with the taker ratio reaching an all-time high at this critical juncture.