Ripple is experiencing a period of low volatility, fluctuating in the range of $2-$3. 😴 This phase of consolidation indicates market indecisiveness, and a breakout is likely to determine the medium-term trend of XRP.
On the daily chart, the price has stabilized at the support level of $2, which serves as a barrier to declines. The RSI has stabilized around 50, creating a foundation for potential growth. A breakout above $3 could trigger an upward trend.
On the 4-hour chart, Ripple is fluctuating in a descending wedge, typically associated with bullish breakouts. If the support at $2 is not maintained, the price could drop to $1.5.