Saad Ullah
XRP has been moving sideways recently, settling into a consolidation pattern around the $2.81 level. This type of price action often signals that the market is building up energy for the next significant move, making it an important time for traders to watch key support and resistance levels closely.
XRP Price Consolidates Near Support
XRP is currently trading sideways on the 4-hour chart, staying close to $2.81 after some recent price swings. The market has moved into a consolidation phase where the price is stuck between nearby support and resistance levels. This kind of tight trading range usually happens before a breakout, so it's worth keeping an eye on.
Crypto trader @EtherGuru08 pointed out that the $2.74–$2.80 area is where buyers are stepping in to support the price. His analysis shows that holding this range is important for XRP to keep its upward momentum and get ready for a move toward higher price levels.
XRP Price Trading Setup: Entry, Targets, Stop-Loss
The current trading setup for XRP suggests buying between $2.74 and $2.80, with these upside targets:
Target 1: $2.90 Target 2: $3.06 Target 3: $3.14
A stop-loss at $2.60 helps limit downside risk. This level lines up with deeper support, so if XRP drops below it, we might see more bearish momentum take over.
Saad Ullah
