Usman Salis
⬤ XRP remains locked in consolidation after its recent rally stalled at the $1.67 resistance zone, keeping the macro trading plan unchanged. The cryptocurrency is currently hovering in the mid-$1.30s to low-$1.40s on hourly charts, with neither bulls nor bears gaining decisive control. This price action confirms that supply continues capping upside momentum at upper range boundaries, while demand has successfully defended against deeper pullbacks.
⬤ The technical structure reveals multiple horizontal levels defining the current range. XRP Price Prediction: Bullish Structure Holds as Analyst Sees One More Leg Up shows resistance between $1.60 and $1.67 remains unbroken, with significant support zones marked at $1.11 and $0.87 below. These lower levels represent key areas where buyers previously stepped in, though price hasn't revisited them during recent consolidation. The chart framework suggests a potential wave 3 continuation scenario if selling pressure intensifies.
⬤ Momentum indicators reflect the range-bound environment, with oscillators showing limited directional conviction. As one analyst noted. Price movements within this structure should be interpreted as consolidation rather than trend reversal. XRP Price Analysis: Is an Explosive Breakout Ahead? explores potential scenarios for when this balance shifts.
⬤ The implications for traders are clear: a confirmed break above $1.67 would restructure the current outlook and potentially unlock higher price zones, while a breakdown toward $1.11 or $0.87 would reinforce the macro range and possible bearish continuation. XRP Price Analysis: Bearish Channel Threatens 40% Drop From Current Levels outlines downside risks. Until either threshold breaks decisively, XRP will likely maintain its range-bound character.
Usman Salis
