Looking at the weekly chart of #XRP /USDT , things have definitely heated up in recent months. The coin made a powerful surge from the $0.38 range all the way to a dramatic high of $3.40, an explosive move that caught the market’s attention. But as with any rally, what goes up often faces some turbulence on the way down — and that’s what we've seen recently.
After touching $3.40, $XRP couldn't sustain its momentum. Profit-taking and selling pressure brought it down, with the current price consolidating around $2.20. Despite the pullback, this isn't necessarily a bearish sign. In fact, this kind of correction is healthy in an uptrend, especially after such a steep climb.
What’s encouraging is that XRP is now forming a potential base above the $2 mark. That’s a strong psychological level, and with buyers stepping in around this zone — as seen in the order book — demand seems to be stabilizing. Bid volumes are substantial around $2.00–$2.20, suggesting accumulation. Meanwhile, sellers at $2.30 and above hint at some resistance just ahead.
Volume analysis shows declining sell volume compared to the buying spikes during the rally. This means selling pressure may be easing, and bulls could be waiting for the next catalyst.
From a trend perspective, the coin remains in an uptrend on a broader timeframe. The price is still well above previous resistance levels that have now flipped into support (like $1.60 and $0.90). As long as XRP holds above the $2.00–$2.20 zone, it could prepare for another leg up, possibly retesting $2.80 or even $3.00 again.
But don’t expect the same vertical rocket ride as before — this next phase may involve more sideways action, consolidation, and slower grinding gains unless a strong fundamental catalyst appears.
Overall, XRP looks like it's catching its breath after a huge rally. The trend is still bullish on the bigger picture, and if the $2 level holds firm, the next wave might not be far off. Watch for a break above $2.40–$2.50 to confirm momentum is returning.
