🚨 $XRP quotes at $3.12: consolidation after rally, preparing for new momentum?
Current price: ~$3.12
24h Variation: +0.29 %
Daily volume: ~$3.18 B
Technical structure:
XRP remains within a lateral range between $3.10 and $3.14, consolidating after the July rally. Despite corrections, it maintains critical support near $3.08 on intraday charts.
Key factors:
High trading activity: Daily volume near $3.18 B, showing robust liquidity.
Macroeconomic pressure and technical impact: Higher-than-expected inflation pressures volatile assets like XRP; the price tests key support around $3.08.
Mixed market sentiment: While there is optimism for institutional adoption and new regulatory frameworks, caution persists after recent setbacks.
Technical levels of the day:
Key support: $3.08–$3.10
Immediate resistance: $3.14–$3.16
Critical zone: Recovering $3.12–$3.14 could pave the way towards $3.20–$3.25; losing support could lead to $3.00 or less.
Institutional / macro outlook:
XRP is in a phase of tactical consolidation, while awaiting clear signs of a bullish resumption. The macro environment, slow in rate cuts, and high inflation continue to limit momentum. Macroeconomic pressure and the need for new catalysts mean a strong breakout is still pending.
Do you see this level as a strategic entry opportunity or do you prefer to wait for confirmation above $3.14? Comment your plan 👇
Follow our channel for real-time analysis and alerts on key movements:
