$XRP XRP is currently in a phase of consolidation following a significant volatility spike tied to its legal clarity. Its price action is heavily dictated by the long-term utility narrative and a crucial technical support level.

Market Structure Consolidation/Range-Bound: Following its price spike (to a recent high around \approx \$3.65), XRP has corrected and is now moving sideways, indicating market indecision as it absorbs the fundamental news. Neutral/Patience Required. Expect short-term price movements to be choppy until a major resistance level is decisively broken.

Immediate Resistance #WriteToEarnUpgrade #MarketPullback {\$2.68 - \$2.75} A cluster of short-term moving averages (20-day, 50-day EMA) forms strong overhead resistance. A decisive breakout here is needed to confirm a bullish shift.

Key Support Zone \{\$2.50 - \$2.55} The 200-day Exponential Moving Average (EMA) sits near this level and acts as a crucial line for buyers. Holding above this range is key to maintaining a constructive outlook.

Breakout Target \{\$2.85 - \$3.00} A confirmed break above the immediate resistance level is expected to target this range, which would flip short-term sentiment firmly bullish.

Major Downside Risk {\$2.35} A drop below this level could signal a deeper correction toward the next major support zone.$XRP