After bouncing sharply from the $2.00 region, the XRP price today is hovering around $2.19, staging a recovery just beneath a significant resistance cluster. While price remains inside a broader consolidation zone, short-term indicators are flashing mixed signals, leaving traders uncertain as to whether momentum favors continuation or correction.
What’s Happening With XRP’s Price?
On the weekly chart, XRP price action continues to oscillate between the 0.382 Fibonacci retracement level at $2.2869 and the 0.5 level at $1.9431. After defending the midpoint of this retracement channel for the past three weeks, buyers have managed to push XRP above the $2.15 mark, signaling a modest but notable recovery from local lows.
The daily structure shows a narrowing triangle with visible resistance at $2.33 and support at $2.10. Recent candles have formed a tight-bodied range, indicating equilibrium between buyers and sellers near the short-term trendline. A bullish breakout above $2.21 could invalidate the current downtrend setup, opening a move toward $2.30–$2.33.
Why XRP Price G…
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