TLDR
Ripple’s asset has not escaped the consolidation phase currently affecting the cryptocurrency market. XRP fell toward its trading range lows after facing selling pressure that prevented recent rebound attempts from being sustained.
This technical structure has become heavy due to the formation of lower highs, suggesting that sellers have taken control early during each rally. As a result, the price is approaching a vital demand zone that will determine the asset’s direction before the monthly close.
Therefore, analysts assert that we are in a “testing” zone for the bulls. If the price fails to react positively at current levels, the sentiment of uncertainty could deepen, affecting ecosystem liquidity and retail trader confidence.
In a bullish scenario, buyers must successfully defend the $1.80 to $1.90 zone on 4-hour candle closes. If a solid rebound is achieved, the first target would be $2.10, with the ultimate goal of reclaiming the major resistance at $2.30 to shift the current narrative.
However, if XRP slips toward range lows and loses the $1.80 support, an increase in bearish volatility is expected. Under this premise, any recovery attempt toward $2.00 could turn into a rejection zone, confirming that the distribution phase has won the battle.
In summary, fundamental factors related to Ripple’s developments and global risk sentiment will remain decisive catalysts. Traders must stay alert, as XRP often experiences explosive moves once the market decides on a direction following prolonged periods of consolidation.
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