XRP is currently navigating a critical technical zone with mixed signals for short-term movement. On the four-hour chart, XRP is forming a falling wedge pattern, which typically signals a bullish breakout. If XRP can break above its $2.40 resistance level, it could target $3.05 in the coming days. However, failure to hold this resistance could lead to a pullback toward $1.73.
On the weekly chart, XRP is consolidating between $1.94 (support) and $2.96 (resistance). A breakout above $2.96 could pave the way for a rally to $4.60, but a drop below $1.94 risks a correction to $1.59.
Fundamentally, XRP's momentum is bolstered by speculation about a potential ETF approval, Ripple's new RLUSD stablecoin launch, and regulatory optimism. These factors could support further growth if positive developments continue.
In conclusion, XRP's next move depends heavily on whether it can break out of its current resistance or consolidate further. For now, keep an eye on the $2.40 and $1.94 levels for potential signals.
