Despite the recent upward trend, XRP's bullish momentum on the 1-hour chart is showing indications of weariness.
A possible short-term pullback is indicated by the price action's dropping volume and consecutive red candlesticks after reaching a top of $2.651.
A cooling phase is suggested when a bearish divergence appears, which is indicated by lesser volume accompanying tests of identical price levels.
While traders can look for chances by keeping an eye on support between $2.55 and $2.57, a break below $2.54 might cause the price to quickly test the $2.50 level, thus short-term bets should be handled with caution.