XRP is taking a breather after a volatile few weeks. Despite a sharp rally followed by a fast pullback, the price of xrp is holding relatively steady, now trading in a sideways range. Analysts have said that this could be a healthy consolidation phase before the next big move.
On the weekly chart, XRP is still in a long-term uptrend. it’s holding above key support levels around $2.90 to $3.00 and continuing to form higher lows and higher highs. bullish momentum remains intact, though a bearish divergence is starting to form. This divergence hasn’t been confirmed yet, but it could signal temporary weakness if it plays out.
Future resistance between $4.33 and $4.72. Before that, though, xrp will need to reclaim $3.25 and push toward the $3.84…
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