Ripple’s native token remains under pressure, consolidating inside a descending structure after its last impulsive move higher.
Both the daily and 4-hour charts highlight a decisive technical setup, where the market is compressing toward critical levels that will likely dictate the next major swing.
By Shayan
On the daily timeframe, XRP is trading within a broad descending wedge pattern, defined by lower highs and higher lows, converging toward a decision zone. The price is currently hovering near the $2.8–2.9 range, just above the support cluster around $2.7, which coincides with the 100-day moving average.
This zone acts as a decision point (DP) for bulls to defend. A break below could open the path toward deeper supports near $2.4, while holding and bouncing here could pave the way for a retest of the upper wedge resistance around $3.1–3.2.
Zooming into the 4H chart, XRP shows a clear compression within the descending wedge. Price action is repeatedly testing the lower boundary while struggling to reclaim the mid-resistance around $3.0–3.1.
This tight consolidation suggests weakening momentum, and the breakout direction from the wedge will be critical. A bullish breakout above $3.1 would likely trigger continuation toward $3.4, whereas sustained weakness could bring Ripplethe asset back to the $2.7 decision zone.
The post Ripple Price Analysis: XRP’s Failure to Break Out of Consolidation Spells Trouble Ahead appeared first on CryptoPotato.
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