XRP is consolidating in a narrow range between $2.06 and $2.23 after a sharp decline from $2.60. Price action is currently neutral, with increasing volume suggesting a potential breakout setup.
๐ Technical snapshot:
- Strong sell wall near $2.23
- Support building around $2.06โ$2.09
- Volume is increasing on both sides
- Market showing signs of compression
โ๏ธ Key breakout levels:
- Break above $2.23 โ possible move to $2.38โ$2.45
- Break below $2.06 โ opens the door to $1.95โ$1.85
๐ RSI and MACD are neutral โ market is waiting for a catalyst.
๐ฏ Conclusion: XRP is coiling in a tight range. Watch for a breakout with volume confirmation to catch the next big move.