$XRP continues to trade within a narrowing descending wedge pattern, with resistance forming near $2.50 and support levels positioned around $2.12 and $1.61.

At the time of writing, the price was approaching the wedge’s upper boundary, but still lacks a convincing breakout.

The Stochastic RSI, at 28.38, has turned up slightly from oversold territory, indicating early signs of momentum recovery.

Price remains in a tightening structure that often precedes directional shifts, depending on volume and external confirmation.

XRP’s on-chain and technical structure reflects a mix of cooling sell pressure, valuation concerns, and weakened bullish momentum.

While some metrics show reduced speculation and holding stability, others point to gaps between price and network activity.

Whether the current structure results in a breakout or another phase of contraction remains open, as no strong directional signal has yet emerged.