XRP shows signs of consolidation, with key resistance at $3.14 limiting growth.
Support levels at $3.06 and $3.10 crucial for XRP’s near-term price stability.
Technical indicators suggest weakening momentum, signaling potential price pullback.
XRP’s price is on the radar as February 2025 approaches, and while the current forecast suggests modest growth, the token is struggling to break out. Trading around $3.08 and down a slight 0.71% in the past 24 hours, XRP’s next move is the subject of much speculation.
Analysts are eyeing a potential 2.05% increase in the coming month, which would put the average price at $3.15 — a 6.70% return from current levels.
Market Overview and Price Trends
XRP has been showing signs of consolidation in the past few weeks, trading within a narrow range of $3.06 to $3.14. After peaking at $3.14, the price dipped slightly, currently sitting at $3.08.
This downward shift marks a period of price consolidation, with lower highs and consistent rejections at the $3.12 and $3.14 resistance levels. These price actions suggest that XRP might be in a short-term correction phase. This could set the stage for potential future moves,…
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