XRP Consolidates Between $2.33–$2.44 as Traders Eye Next Move
XRP is trading within a tight $2.33–$2.44 range, with investors watching for a break above $2.41 or a drop below $2.33 to signal the next directional move.
On Tuesday, XRP fell 1.17% to $2.39, underperforming the broader CD5 index. Despite muted price action, trading activity surged 5.77% above weekly averages, suggesting institutional accumulation rather than broad selling. Analysts describe the session as order book churn, with positions rotating within a defined range ahead of potential catalysts.
The token formed a descending channel, dipping to $2.33 on 111.3 million tokens traded—83% above the 24-hour average—before rebounding to $2.39. Resistance at $2.41 capped gains, shaping a lower-high pattern.
Technical outlook:
Support holds at $2.33, resistance at $2.44, and narrowing volatility points to a pre-break compression setup.
Traders’ focus:
A break above $2.41 could extend to $2.47–$2.50, while a drop below $2.33 risks a return to $2.28. Market participants are also monitoring correlations with gold and bitcoin to gauge broader risk sentiment.
