XRP is undergoing a consolidation phase in the range of $2-$3, reflecting the market's hesitation. After failing to break through the resistance level of $3, XRP has formed a horizontal wedge pattern. Recently, the price found support at the lower boundary of the wedge around $2 and rose to the upper trend line at approximately $2.3.

The 4-hour chart shows strong support at Fibonacci levels 0.5 ($2) and 0.618 ($1.9). This is a key defensive area, preventing significant price declines. Currently, XRP remains within the range of $2-$3 and needs a breakthrough to determine the next trend. 📈

🔍 Source: TradingView