Ripple (XRP) shows continued stability in the market, remaining in a consolidated state without a clear dominant force of buyers or sellers.
Current Daily Chart Situation
On the daily chart, Ripple maintains above the $2.7–$2.8 support zone, further reinforced by the 100-day moving average. Despite recent downward pressure, buyers have consistently stepped in each time the price tests this area.
The broader ascending channel remains intact, while the overhead resistance around $3.4–$3.6 continues to weigh on the market. Until the price escapes this compression, XRP is likely to remain range-bound.
4-Hour Chart Analysis
The 4-hour chart reveals a descending triangle structure, with the asset repeatedly testing the lower boundary near $2.7 while failing to break past the descending resistance trendline.
This narrowing range is squeezing liquidity, setting up for a breakout. If buyers manage to push through $3.1, momentum could carry XRP toward the $3.4 resistance. Conversely, losing the $2.7 decision point would likely accelerate a decline toward $2.4.
Conclusions and Forecasts
The current market situation for XRP shows stability, yet lacks a clear direction. Success for buyers in overcoming resistance levels may lead to growth, while the loss of key supports could result in further declines.
The overall situation in the Ripple market demands careful observation of key levels that may determine future price movements.
