$XRP
Price Action: From Accumulation to Expansion
Daily Chart Breakdown | Market Structure & Momentum
After forming a solid base near $2.35 in April, XRP entered a low-volatility consolidation between $2.50–$2.65, signaling accumulation. This range ultimately fueled a 57% rally, topping out at $3.67.
Now, XRP is in a healthy retracement, holding above the crucial $2.98–$3.00 zone — the former breakout pivot.
Key Technical Levels:
• Major Support: $2.35
• Accumulation Range: ~$2.65
• Local Top: $3.67
• Critical Support Zone: $2.98–$3.00
What’s Next?
• Bullish Case: Holding above $3.00 may fuel a continuation toward $3.60+
• Bearish Risk: A breakdown below $2.98 could lead to a retest of the $2.60s
