🟢 Is XRP preparing for a new move? Price is consolidating — the market is holding its breath

📊 On the weekly chart, XRP is currently trading in the range of $2.00–$2.72. This channel formed after breaking out of a symmetrical triangle in November 2024, when the price surged to $3.39 and then entered consolidation.

🔹 Support: $2.00 — a key level that has held the price multiple times

🔹 Resistance: $2.72 — it has not been broken since January 2025

📉 Indicators say the following: — RSI at 42 — close to oversold

— MACD gives a weak bullish signal, but the histogram is declining

— Price is below the 50-week SMA ($2.23), but above the 200-week ($1.94) → the trend remains overall bullish

📈 Analysts at Sistine Research believe:

XRP could rise to $33–$50, based on past patterns and current accumulation

Ichimoku traders are also excited: XRP is trading above Kijun-Sen and Tenkan-Sen, which technically indicates continued growth.

🟢 Subscribe — when the range tightens, an explosion is just a matter of time

#bitcoin #crypto #xrpanalysis #technicalsetup #BTC $XRP $ETH $SOL