XRP is currently trading within a sideways range, lacking a clear directional momentum. It is bounded between $1.96 and $3.40, with traders closely watching for a breakout or breakdown that could signal the next major move.
Key resistance levels to watch are $3.40, $1.96, and potential breakout targets above these levels. Support levels include $2.23, $1.96, and $1.23.
The overall market outlook for XRP is currently in a consolidation phase. A move above $3.40 with strong volume could signal a bullish trend, while a drop below $1.96 or $1.23 could indicate increased bearish pressure.
Other factors that could influence XRP's price include the ongoing lawsuit involving Ripple Labs, the development of the XRP ecosystem, and overall market sentiment towards cryptocurrencies.