#XRP, the native token of the XRP Ledger, is holding steady above $3.10, buoyed by recent regulatory clarity—including the SEC dropping its lawsuit—and institutional momentum that ignited an 11% surge in August.
Technically, XRP is consolidating in a tight trading range, forming a potential bullish “flag” pattern—a setup often signaling a breakout. However, caution is advised: analysts warn of a possible 25% pullback toward ~$2.30 if current momentum falters and RSI readings show bearish divergence.
For short-term, lower-risk investors, a balanced strategy could work well: buy into the current consolidation zone near $3.10–$3.20, with a tight stop-loss just below support (around $2.96–$3.00) to manage downside. The catalyst of regulatory optimism and technical upside provides a favorable reward-to-risk profile, while protecting capital if the rally stalls.
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