Ripple (XRP) is undergoing a crucial phase between the price levels of $1.8 and $3. 📉
- Recently, XRP was rejected at the resistance level of $3, leading to significant volatility and entering a phase of sideways accumulation.
- The support level of $1.8 plays an important role, helping to limit deeper price declines and keeping XRP within the range of $1.8-$3.
- On the 4-hour chart, XRP is accumulating within a descending wedge pattern, which often signals the potential for a bullish breakout if surpassed.
- If it breaks upward, XRP could regain the $3 level. Conversely, a downward break could push the price down to the support level of $1.5. 📈