Usman Salis
⬤ XRP has been moving within a wide weekly range that goes back to its January 2018 all-time high. The coin is trading between roughly $1.81 on the low end and $3.31 on the high end. From November 2024 until now, XRP has been bouncing around inside these levels without breaking out in either direction.
⬤ The weekly chart shows XRP respecting this long-term structure for months now, staying above the bottom support while struggling to push past the upper resistance. Recent candles show the price stabilizing after earlier swings, keeping XRP locked in that same historical range. There's also a rising support trendline underneath the current price action that's been holding since earlier cycle lows.
⬤ One interesting development is the weekly bullish divergence showing up on recent lows. Price made lower lows within the range, but momentum indicators started improving—suggesting strength building beneath the surface without price breaking down. Meanwhile, the broader market looks mixed: metals appear to be topping out, stocks are hitting fresh all-time highs, and the dollar has been trending lower.
⬤ This consolidation matters because when price compresses inside a historically important range for this long, it usually leads to a bigger move eventually. XRP staying above support but unable to crack resistance means the market is still undecided. With altcoins lagging even as other assets rally, XRP's tight range dating back to 2018 shows how sentiment shifts could trigger the next major directional move once this consolidation finally breaks.
Usman Salis
