Ripple (XRP) is experiencing a period of low volatility, with prices fluctuating between $2-$3. This is a consolidation phase, indicating market hesitation while waiting for a breakout to determine the next medium-term trend.
Currently, XRP is strongly supported at the $2 level, a historically significant area of demand. The RSI indicator is stable near the 50 level, setting the stage for bullish momentum, with the potential to break above the $3 resistance.
On the 4-hour chart, XRP is moving in a descending wedge pattern, often associated with bullish breakouts. If it holds above the key support level, XRP could advance towards the $3 resistance, opening up the next growth opportunity. 📈