XRP Consolidating Between $2.70 Support and $2.90 Resistance
XRP is trading in a narrow range between key resistance at $2.90 and support at $2.70–$2.82 after its July rally above $3.50. Technical indicators show cooling momentum: the RSI stands at 43.8 and the MACD remains negative, while daily volume has dropped to about 7.18 million XRP. A sustained close above $2.90 would confirm renewed bullish momentum, targeting further upside. Conversely, a break below $2.80 could trigger a drop toward the stronger $2.70 support level. Traders should watch volume for breakout validation and set stop-loss orders below $2.80 to manage risk during this consolidation phase.
Neutral
This outlook is neutral because XRP remains range-bound without clear directional bias. The cooling RSI and negative MACD reflect mild bearish pressure, while neither buyers nor sellers have secured a decisive breakout above $2.90 or breakdown below $2.80. Similar consolidations in mid-2024 led to low volatility before fresh trends emerged. In the short term, traders can expect continued sideways movement, relying on volume-backed breakouts to signal new momentum. Over the longer term, a confirmed move beyond these levels will guide the next bullish or bearish phase.