Ripple token (XRP) has entered a consolidation phase, reflecting uncertainty and a lack of strong market volume. The current price is positioned between key supply and demand levels.
Daily Chart Analysis
On the daily chart, XRP is consolidating within a broad range between $2.7 support and $3.4–$3.5 resistance. Following a sharp rally in July, momentum has stalled as supply zones have repeatedly capped price advances. The 100-day and 200-day moving averages sit below the current level, adding dynamic support near the $2.7 decision point. As long as buyers can defend this level, Ripple’s asset remains range-bound, with potential to retest the upper boundary. A decisive break below, however, would open the way for a deeper retracement.
4-Hour Chart Analysis
The 4-hour timeframe highlights a descending wedge formation steering the short-term downtrend. XRP has faced repeated rejections at the wedge’s upper boundary, while demand has consistently appeared near the lower boundary, close to $2.7. This has created a compression zone where liquidity is stacking on both sides. A confirmed breakout above the wedge resistance would likely drive the price toward $3.1 and eventually the $3.4 resistance zone. Conversely, failure to defend the $2.7 decision point risks a slide toward $2.4, where the next significant demand zone lies. Until then, Ripple is expected to remain in consolidation, with volatility building ahead of a breakout.
Conclusion
The current state of XRP indicates uncertainty, with the price trapped between key support and resistance levels. Future movements may be dictated by a breakout from one of these levels.
The analysis suggests that XRP is awaiting significant price changes, as the current consolidation may lead to important breakthroughs in the market.
