🚨 XRP #MarketSentimentToday Update 🚨 $XRP is currently confined within a consolidation range between $2.00 and $2.73. This sideways movement, persisting for six weeks, has hindered any major price growth for the altcoin.
This consolidation has also prevented the price from breaking the resistance level of $2.73 and approaching its all-time high (ATH) of $3.31. Given the current market conditions and sentiment, this stagnation trend is likely to continue in the short term. 📉
However, an increase in selling pressure could threaten XRP's support at $2.00. The loss of this critical level could then lead to a price drop, potentially down to $1.50 or even lower. Such a scenario would invalidate the current bullish-neutral outlook, leading to significant losses for XRP #investors .
Should we consolidate or not? 🤔