Ripple Price Analysis: Consolidation Nearing End as XRP Eyes Breakout

Ripple (XRP) has been trading within a narrow range defined by its 100-day moving average at $2.4 and 200-day moving average at $1.9, after rebounding from the critical $1.7 support level. Technical analysis by Shayan from The Daily Chart indicates that the cryptocurrency is in a low-volatility phase within a descending wedge pattern. A breakout above the recent attempt near $2.2 is seen as key: if confirmed, it could mark a significant bullish shift, potentially driving XRP to test higher resistance around $2.5. Conversely, if XRP fails to break this critical barrier, a retracement toward the support zone near $1.7 may occur. The analysis, first reported by CryptoPotato, highlights the market’s current indecision and suggests that the upcoming move will be crucial in determining XRP's next major trend.