Saad Ullah
⬤ XRP looks like it's finally done with its corrective phase and is settling into a consolidation pattern on the daily chart. After a pretty rough downtrend, the price has stopped making new lows and is holding steady above recent bottom levels. The technical structure is starting to look healthier as XRP reclaims some important price zones it lost during the selloff.
⬤ Before this stabilization, XRP went through a long consolidation period that eventually broke down into a sustained downtrend stretching into late 2025. The price kept making lower highs and lower lows during that corrective move, with selling pressure staying consistent. That momentum finally started fading as the price hit the lower end of the trading range and buyers started stepping in.
⬤ Right now, XRP is holding above the $2.00 zone and trading in a tighter range. The chart shows price isn't dropping to new lows anymore—instead, it's stabilizing and even taking back some levels that acted as resistance on the way down. While it's still trading below previous consolidation highs, the current action looks more balanced than directionally weak.
⬤ This base formation matters because it often marks a shift away from a corrective phase. When price stabilizes and reclaims key levels, it can flip short-term sentiment and set the stage for a potential trend reversal. While we'll need more confirmation before calling a full turnaround, the current structure shows the downside pressure has cooled off and XRP is entering a more constructive phase after its correction.
Saad Ullah
