XRP is currently in a consolidation phase, hovering just below its recent highs while managing to stay above all critical support levels. Despite market volatility, XRP has maintained a steady position.
On the daily chart, XRP continues to trade in a tight range, but importantly, it hasn’t broken below any of its key support zones. Analysts see this as a positive sign that buyers are still defending important levels and the overall trend remains intact. As long as XRP remains above the $2.65 support, there’s still a good chance that the asset could resume its upward trajectory.
The price structure that started forming in early April continues to support a bullish outlook. Although the upward momentum has slowed, XRP hasn’t shown any signs of a major breakdown. If XRP breaks below $2.65, however, it could mean a shift in the trend, and a deeper pullback might follow.
At the moment, the question is whether XRP can maintain its strength and find enough support in its current range, specifically between $2.81 and $2.90. A move higher from here could push XRP towards the next resistance targets near $3.84, $4.30, and even $4.72 if bullish momentum picks up. If XRP finds solid support soon, there’s a realistic chance it could retest the $5 mark in the coming weeks.
However, the short-term outlook remains uncertain. Recent price action has been messy and unclear, lacking strong directional moves. On lower timeframes, XRP has shown choppy behavior with no clear bottoming pattern or breakout signal. If the price slips below its support levels, it could mean further downside before the next leg up.
Adding to the uncertainty is today’s Federal Reserve interest rate decision, which could inject extra volatility into the crypto markets.
