XRP is approaching a key resistance zone between $2.3 and $2.35 that may affect its future movement.
Current XRP Situation
XRP has recently broken above its 100-day moving average at $2.2 and completed a successful pullback. The approach to the key resistance zone will be decisive for the next move.
Daily Chart Analysis
The price of XRP is currently in a range between the 100-day and 200-day moving averages, suggesting possible consolidation. The approach to the resistance zone between $2.3 and $2.35, which aligns with the 200-day moving average at $2.36, may halt the current uptrend.
4-Hour Chart Analysis
On the 4-hour chart, XRP continues to climb within an ascending price channel and finds support at the $2.2 zone. The approach to the resistance level at $2.3 and the necessary breakout above this level could change the market structure. However, based on current price behavior and historical rejections, a pullback or consolidation is more likely in the short term.
XRP is at a critical stage, and price action in the resistance zone will determine its further dynamics.
