Crypto:
30604
Bitcoin:
$62.580
% 4.19
BTC Dominance:
%53.6
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Market Cap:
$2.21 T
% 1.97
Fear & Greed:
33 / 100
Bitcoin:
$ 62.580
BTC Dominance:
% 53.6
Market Cap:
$2.21 T

XRP Price Stalls in Consolidation: Is a Big Move Coming?

Xrp

XRP (Ripple) has entered a period of sideways consolidation after a significant price drop, leaving investors questioning its next move. The cryptocurrency appears stuck in a tight range until a breakout triggers a directional shift.A closer look at the daily chart shows that Ripple’s market activity has slowed down, with the price consolidating sideways with very low volatility after dropping from the $0.75 level.

Despite this, the price has found strong support within a critical range, with a static region around $0.58 and dynamic support from the lower boundary of a triangle pattern. This suggests that buyers are active near this important level.

However, Ripple’s price seems to be stuck between the $0.66 and $0.58 levels in the medium term until a breakout occurs.

RippleLooking at the 4-hour chart, Ripple’s price action appears indecisive after a significant decline from the $0.74 level. Nevertheless, XRP found support around the crucial $0.56 level, leading to sideways consolidation.

It is expected that Ripple’s price will remain within the significant support at $0.57 and the notable resistance at $0.66, indicating the possibility of extended consolidation within this crucial range until a breakout occurs.

A breach above the $0.66 level could potentially trigger a rally towards the $0.74 resistance level as the next key target for Ripple’s price movement.

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