XRP Trades Within $2.9 to $3.4 Consolidation Range
XRP is currently consolidating between $2.9 and $3.4, indicating a balance of bullish and bearish sentiment. Key points include:
- The $2.9 level serves as strong support, while $3.4 acts as resistance.
- A breakout above $3.4 may signal renewed bullish momentum and attract buying interest.
- A drop below $2.9 could lead to increased selling pressure and further declines toward $1.9.
- The Relative Strength Index (RSI) suggests weakening buying momentum, with potential for a bearish breakout if it falls below 50%.
- Monitoring price action and volume around the $2.9 support is crucial for determining XRP's next direction.
