XRP is stuck in a tight range between $3.22 and $3.30 after its 20% rally earlier this month, with volatility sliding 10% since August 7. Trading volume has cooled, signaling indecision in the market.

The Average True Range (ATR) — a key volatility gauge — is down, suggesting calmer price action but also hinting at an upcoming breakout. Meanwhile, the Elder-Ray Index shows fading bullish momentum, giving sellers an opening to take control.

If bears break support at $3.22, XRP could drop to $2.99. On the flip side, a push above $3.33 may trigger a rally toward $3.66. The market is in “wait-and-see” mode — but low volatility phases often precede explosive moves.