$XRP consolidates near key zone — patience before next impulse!
$XRP is trading around $2.503, slightly down 0.23% for the day after hitting an intraday high of $2.5546 and a low of $2.4760. The 24-hour volume remains healthy at 58.49M XRP, showing active participation but lacking strong directional momentum.
Reason:
The token is caught in short-term consolidation after multiple rejections near $2.55. Traders are waiting for a clean breakout confirmation as volume thins and volatility compresses, indicating potential buildup for the next strong move.
Key Levels:
Support: $2.47
Resistance: $2.55
Trend: Neutral to slightly bullish — price holding above local support but yet to reclaim breakout zone.
Trade Idea:
If
$XRP holds above $2.47, buyers may aim for a push toward $2.58–$2.60 in the short term.
If price breaks below $2.47, it could open room for a dip toward $2.42–$2.40.
Possible Trade: Buy if $2.47 support holds with confirmation candle. Avoid chasing unless volume spikes above resistance.
XRP’s next move depends on whether bulls can defend the $2.47 zone — a hold there could set the stage for another bullish run.
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