Usman Salis
XRP is currently at a crucial technical and psychological level, hovering between $2.75 and $3.02. While optimism surrounding ETF approvals and growing real-world adoption provides bullish fuel, traders are facing increased volatility and mixed market signals.
XRP Stuck in a Range Despite Bullish Macro Tailwinds
Following a $36 million wave of liquidations, XRP's implied volatility has surged to 96%, indicating extreme price sensitivity. Although social sentiment is running high, retail conviction appears to be fading. On the flip side, whale wallets are actively accumulating during dips, showing long-term confidence.
The XRP price remains stuck in a consolidation zone. Without a major volume spike or macro catalyst, it's unlikely the asset will break above resistance anytime soon. Analysts highlight the $3.05 level as a key confirmation point for a breakout.
Momentum Signals Are Mixed, But Bulls Remain Hopeful
Technical indicators paint a conflicting picture. The MACD shows a bullish crossover, hinting at a potential upward move. However, the RSI remains below 40, signaling that bearish pressure hasn’t fully disappeared. Until the XRP price closes consistently above $3.05, the risk of further shakeouts lingers.
Overall, traders should expect continued choppy action, with a breakout only likely if ETF news or institutional flows ignite fresh volume. Until then, XRP will likely hover in the $2.75–$3.02 range as the market awaits its next move.
Usman Salis
