Ripple’s market shows a balance of power between buyers and sellers. XRP, trapped in a wedge pattern, fluctuates between 2 USD and 3 USD, signaling indecision. This equilibrium is reflected in the subdued market activity. A breakout is needed for a clear directional move, either above 3 USD for a rally or below 2 USD for a potential decline.
On the 4-hour chart, XRP has strong support at 2 USD and 1.9 USD Fibonacci levels, indicating buyer activity. Despite attempts to break the 2-3 USD range, it remains constrained, reflecting market uncertainty. A valid breakout above 3 USD could initiate a bullish trend, while a drop below 2 USD might lead to further declines.