A look at the price action of XRP shows that the cryptocurrency has been consolidating between $2.20 and $2.72 since December 3. This suggests indecision among buyers and sellers.
However, with the increase in the MFI, the trend could change upward in the short term. At the same time, XRP faces upper resistance at $2.90. To overcome this obstacle, buying pressure needs to be more intense than it currently is on the XRP price chart.
If that is the case, then the price of the altcoin could rise by 43.53% towards $3.20. On the other hand, failing to overcome the resistance at $2.90 could invalidate this prediction. In that scenario, the price of XRP could drop to $1.40.
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