XRP Price Consolidates Between $2.85 Support and $3.05 Resistance Ahead of Breakout
XRP price is trading around $2.92 as volatility tightens within a $2.85–$3.05 range. Sellers cap rallies at $3.05, forming a narrowing wedge on the 4-hour chart amid a bearish EMA cluster at $2.96–$3.02. Bollinger Bands compress, while spot net inflows of $20.9 million signal mild accumulation. On the daily chart, a symmetrical triangle points to an upcoming breakout: a close above $3.08 targets $3.20 and $3.30, whereas a drop below $2.85 could see support tests at $2.66 and $2.33. Traders should monitor XRP price action for decisive moves beyond the $2.85–$3.05 compression band to gauge the short-term trend.
Neutral
XRP’s price compression between $2.85 and $3.05, combined with mixed technical signals—bearish EMAs versus mild net inflows—indicates equilibrium rather than a clear trend. The symmetrical triangle suggests an imminent volatility expansion, but until a decisive breakout or breakdown occurs, market direction remains uncertain. This neutral stance aligns with past XRP consolidations, where breakouts defined the next leg. Traders should wait for confirmation before taking directional positions.