Consolidation Watch: $XRP Building a Base Near Support
$XRP is showing signs of stabilization after an extended downtrend, with price compressing inside the $1.30–$1.35 support zone. Selling pressure is being absorbed, suggesting a potential base is forming.
Consolidation following heavy declines often signals accumulation and seller exhaustion, as momentum shifts from trending to ranging.
Key levels:
• Support: $1.30–$1.35
• Resistance: $1.50
• Upside potential: ~15% from the current range
As long as support holds, bias leans bullish. A volume-backed push above $1.35 strengthens the case for a move toward $1.50 resistance.