XRP continues to trade above the $2 mark, remaining in a narrow range. Let's explore what might happen with this cryptocurrency next.
Momentum is Stalling
Since early February, XRP is consolidating above the $2 support level, moving sideways. Buyers were unable several times to break the resistance at $2.5. For bulls to consider revisiting $3, it is essential to first turn $2.5 into significant support.
Higher Timeframes Show Weakness
Momentum indicators such as the MACD and RSI show weakness on the weekly chart, with no signs of buyers returning. The situation also appears bearish, as bulls failed to break the current resistance at $2.5.
Lack of Interest Leads to Declining Volume
Since the November 2024 peak, XRP's trading volume has been declining, forming a bearish divergence confirmed in February 2025. Sellers dominate in terms of volume, while buyers seem cautious. Without a change, the price is unlikely to rise above $3 again.
Given the current resistance levels and lack of buying activity, XRP remains in an uncertain position. Changes may occur only if the interest from buyers increases.