#cryptotradingpro

From a technical perspective, $XRP is currently in a consolidation stage. With no discernible momentum in either direction, key indicators such as the relative strength index and the MACD point to a neutral trend. The longer-term trend is still in place as XRP is still above the majority of its mid- and long-term moving averages, including the 50-day and 200-day averages.

The key support zone lies near $2.30, which has held firmly in recent sessions. A break below this level could expose the $2 zone. On the upside, resistance is forming around $2.60. A breakout could lead to a retest of the highs from April above $2.80.

Traders are keeping a close eye on whether institutional demand through CME will provide the momentum required to end XRP’s current consolidation, with volatility expected to return amid the launch.