$XRP

XRP Struggles to Break $3.00 Amid Prolonged Market Consolidation

XRP’s NVT ratio shows that the network value is outpacing transactions, suggesting potential corrections without increased activity.

MACD remains bearish, reflecting negative momentum and no signs of a bullish crossover as 2025 begins.

XRP is consolidating below $2.73 resistance; a break could push it to $3.00, but there is a risk of a drop to $1.28 if the selloff intensifies.

XRP Price Prediction: Staying on the Surface

Ripple has been consolidating over the past month, trapped below the $2.73 resistance level while hovering above the $2.00 support. This pattern mirrors a previous consolidation period that lasted for more than three months before Ripple finally rallied in November of this year, raising the possibility of a similar timeline.

If history repeats itself, Ripple may not break the $3.00 barrier until the end of February 2025. During this extended consolidation, any significant selling could push the altcoin to as low as $1.28, increasing investors’ losses.