XRP Stalls Near $2.15 as Traders Await Breakout Amid Global Tensions
XRP is hovering around $2.15, consolidating between $2.13 and $2.18 as volatility drops and a symmetrical triangle pattern emerges — a technical formation often preceding sharp price moves.
The token appears locked in an accumulation phase, anchored by support near the 38.2% Fibonacci retracement level from January highs.
Macro Backdrop
- While global markets wrestle with geopolitical tensions and shifting central bank policies, XRP has maintained a solid price floor since surging earlier this year to highs around $3.39.
- Ripple’s ongoing lawsuit with the U.S. Securities and Exchange Commission continues to cloud sentiment. Settlement discussions remain active, and speculation persists about a potential XRP spot ETF. Although Franklin Templeton’s application faces delays, it’s still in the pipeline.
- Ripple executives have asserted that XRP could eventually process up to 14% of SWIFT’s global transactions — a significant institutional use case if realized.
- Despite broader caution across crypto markets, enthusiasm for Ripple’s cross-border payments network persists, and technical signals suggest a larger price move may be brewing.
Latest Price Action
XRP traded in a narrow 24-hour range from $2.135 to $2.186, signaling a market waiting for direction. A brief spike during the 13:21 to 13:30 UTC window lifted prices from $2.151 to $2.158 on higher volume, hinting at fresh buying interest.
Subsequently, the price dipped to test support at $2.150, a key level aligned with the 38.2% Fibonacci retracement, where buyers stepped in once again.
Technical Picture
- XRP saw a tight 2.38% trading range in the past 24 hours, between $2.135 and $2.186.
- Solid support has formed near $2.133 amid above-average volume, while resistance remains capped near $2.186.
- The price has been consolidating between $2.150 and $2.165 — a typical pattern ahead of potential breakouts.
- The crucial Fibonacci support level at $2.152 is holding firm.
- A surge in volume established a short-term high at $2.158 during the 13:21–13:30 UTC period.
- A rapid dip to $2.150 briefly tested support but was quickly reversed to $2.152, reflecting steady buyer interest.
- Momentum indicators like RSI and MACD remain neutral, suggesting traders are waiting for a decisive catalyst.
As volatility continues to compress, traders are closely watching XRP for a potential breakout — or a deeper retracement — in the days ahead.
