XRP Price Consolidates as Key Levels Hold

Ripple’s Token Struggles to Break Out - Is a Major Move Coming?

Ripple’s XRP has been navigating a critical price range, bouncing between support and resistance within an expanding wedge pattern. With the 100-day moving average and the $2 support level defining its boundaries, traders are watching closely for the next big move.

XRP Daily Chart Analysis

Over the past few months, XRP has been trading within an expanding wedge, with $2 serving as a stronghold for buyers. This support level aligns with the 0.5 Fibonacci retracement, making it a crucial point of defense. On the flip side, the 100-day moving average at $2.5 presents a major resistance zone, likely filled with sell orders.

As a result, the price remains trapped in a tight range near the lower boundary of the wedge. While short-term consolidation seems likely, a sustained hold at this level could eventually fuel a breakout, potentially igniting a fresh rally.

XRP 4-Hour Chart Insights

Zooming into the 4-hour timeframe, XRP has faced repeated rejections at the $2.8 resistance level. Recently, a dip into a sell-side liquidity zone beneath a prior market low triggered a swift bullish rebound. Additionally, a bullish flag formation has emerged, with the token finding support at the pattern’s lower boundary.

This price behavior suggests that the market is in a phase of liquidity hunts and accumulation, possibly setting the stage for a stronger move. If XRP manages to hold its current support, another attempt to breach the $2.8 resistance could be on the horizon.

For now, traders remain on edge, waiting for a decisive breakout - whether it’s a bullish surge or a deeper correction.