Usman Salis
⬤ XRP traded around $2.28 on Thursday, taking a breather after some choppy price action. The asset is stabilizing in a zone where momentum has cooled off, with the market sitting below two key resistance bands. Right now, it's forming a consolidation pattern that could set the stage for the next move.
⬤ The chart shows XRP eyeing a potential target zone between roughly $2.50 and just above $3.00—aligning with expectations for a move toward the $3–$3.5 range. Several recent attempts to push higher got rejected, creating lower highs and pulling price back into the mid-$2 area. This suggests XRP might need more time to build support before it can realistically challenge that upper range again.
⬤ Recent candles show sharp wicks and liquidity spikes, pointing to elevated volatility. Still, the broader pattern looks controlled—XRP is holding within a multi-month range. Traders are now focused on the weekly close for confirmation, especially since the current zone is where many will decide whether to stay bullish or reassess.
⬤ XRP's position near $2.28 reflects a market in transition—balancing short-term uncertainty with the possibility of renewed upside. Whether it can gather enough strength to reach the $3–$3.5 region will depend on how the weekly structure plays out and whether this consolidation turns into a stronger directional breakout.
Usman Salis
