$XRP Ripple is currently experiencing a low volatility phase, with its price fluctuating in the key $2-$3 range. This consolidation period indicates market indecision, and a breakout could determine the next medium-term trend for XRP. The daily chart shows that the $XRP price has recently been confined to the $2-$3 range, characterized by low volatility and sluggish trading activity. This consolidation reflects a cautious state in the market, with participants waiting for a clear breakout to indicate the next directional move.

Currently, the cryptocurrency is stabilizing within the $2 support range, which is bolstered by historical significance, having previously been a high point with concentrated demand. It serves as a critical barrier preventing further downside and keeps Ripple within its consolidation range. Further support for a bullish outlook comes from the RSI indicator stabilizing around 50, indicating a balance between buyers and sellers. This position lays the groundwork for bullish momentum, with the potential to break through the $3 resistance level. If this scenario materializes, Ripple may initiate a medium-term uptrend.