XRP price has managed to stay firm above the $2 support level, even while ETF-related flows painted a mixed picture.
After pushing higher above the $2 hurdle, XRP price showcased minor profit booking in the past three sessions. However, the volatility has compressed, but notably without sharp rejection wicks or panic-driven candles, a clear price action was observed.
XRP Price Consolidates Above a Critical Level
From a technical standpoint, XRP price structure remains constructive. After a sharp recovery, XRP price has transitioned into a sideways range rather than a deep pullback.
As of press time, XRP price trades at $2.05 with a 24-hour volume of $2.79 Billion. The $1.80-$2.00 zone has repeatedly acted as a demand zone, attracting buyers on dip and allowing higher lows to form.
Following a reversal from the $1.80 support zone and a falling channel breakout above the $2 zone, XRP price was currently retesting the breakout region and could see a further rebound ahead.
On the upside, resistance remains clustered around $2.30-$2.70 zone. However, XRP price declines slowly toward the breakout region, which suggests that bears are struggling to regain control and an aggressive bounce could be seen following a retest of $2 ahead.
A clean breakout above $2.30 could open the doors toward $2.70, while a drop below $2 would weaken the bullish setup and may push XRP toward $1.70-$1.90 ahead.
The Relative Strength Index (RSI) line reverted toward the neutral 50 level from the overbought zone, indicating bullish momentum is intact. Moreover, the MACD indicator is hovering close to the zero line, reflecting balance between buyers and sellers. This flat structure often precedes momentum expansion once price breaks from sideways momentum.
Additionally, XRP price regains support above the 20-day and 50-day EMA and aims to surpass the immediate hurdle of $2.30 stays close to the 200-day EMA zone.
On-Chain Outlook: Accumulation Builds as Network Activity Expands
XRP’s on-chain data continues to favor the bullish as top wallet balance remains steady, signaling confidence rather than urgency to exit.
XRP balance on centralized platforms have increased significantly, reducing the likelihood of near-term decline. Typically, a decline in exchange-reserves suggests a bullish signal.
It means that investors may be planning to hold long-term rather than sell, which suggests confidence in future price rally. If demand boosts up alongside the decline in exchange reserves, price rally could be seen next.
Moreover, the total transactions count on the XRP network has started to trend higher again after a cooldown. Rising transaction activity during price consolidation reflects growing network usage and improved participation, rather than speculative churn.
Meanwhile, flows across XRP-linked products have been mixed, overall trading volume have expanded pointing to positioning and liquidity buildup rather than one sided speculation.
Conclusion
XRP’s ability to stay firm above the $2 level keeps the broader structure intact. Until XRP price either clears the $2.30 resistance or loses $2 support, patience remains the edge. The next move is likely to be decisive.
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