The price of XRP shows clear signs of consolidation within a narrow bullish pressure pattern after its recent decline below the $2.4 level over the weekend. This pullback has not weakened the overall bullish trend, but rather it has been part of a healthy corrective movement that is typically followed by a strong price surge.
Technically, a symmetrical triangle is now forming on the daily charts, which is typically considered a signal of an impending price explosion. What increases the likelihood of this scenario is the decline in trading volumes alongside a gradual rise in the lows, indicating that buyers are quietly dominating the market.