XRP shows stability amid recent volatility. After a sharp rise and subsequent pullback, the price remains in a sideways range, which may indicate a consolidation phase.
Current Price and Consolidation
The price of XRP is holding steady in a sideways range after recent fluctuations. Analysts indicate that the current state could be a healthy consolidation phase before the next significant move.
Long-term Trend and Support Levels
On the weekly chart, XRP maintains a long-term uptrend and holds above key support levels around $2.90 to $3.00. Additionally, higher lows and higher highs are being formed. Although bullish momentum remains intact, a bearish divergence is starting to materialize, which has not yet been confirmed.
Future Resistances and Forecasts
Future resistance is expected between $4.33 and $4.72. However, before that, XRP will need to reclaim $3.25 and push toward the key level of $3.84. On the daily chart, XRP recently lost support near $3.40 and dropped into the $2.90 range, but quickly bounced back, indicating that buyers are stepping in to defend this zone.
Overall, the XRP market shows stability, but further growth will require overcoming key levels. If XRP can break above $3.25 in the coming days, it could signal a fresh rally. Otherwise, sideways action or a last dip may be ahead.
