Alex Dudov
⬤ XRP is catching its breath after getting hammered for weeks. The price has finally found a floor around a solid demand zone on the daily chart, and it's not giving up that level easily. After consolidating for a bit, the token went through a rough downtrend that's now starting to run out of steam.
⬤ Right now, XRP is moving sideways in a tight range after that drop. It keeps bouncing off the bottom without actually breaking down, which is a good sign—it means the bears are losing grip. Price is sitting around $1.90, and that zone has been doing its job as support through multiple tests without cracking.
⬤ What's interesting is that XRP is slowly creeping toward the top of this range, where resistance is waiting. That upward curl on the chart shows things are improving in the short term and buyers are getting more active. If it can actually break above that resistance and hold it, we could see a real shift. But if it gets rejected there, expect more sideways chop for now.
⬤ This moment matters because XRP has been stuck in the mud for a while. When a coin holds strong support and starts squeezing toward resistance like this, something usually breaks one way or the other. Whether XRP can flip that resistance into support will decide if this is just another fakeout or the start of something bigger.
Alex Dudov
