$XRP (XRP) Technical Analysis: Consolidating Near Recent Highs 📈
Entry Zone: $1.3480 – $1.3550
Bullish Above: $1.3700
Target 1 (TP1): $1.3950
Target 2 (TP2): $1.4200
Target 3 (TP3): $1.4800+
Stop Loss (SL): $1.3350
$XRP is currently showing signs of consolidation on the 1H chart, trading at $1.3584 with a daily gain of +0.62%. The price action reveals a period of relative stability following a move away from the 24h low of $1.3491, as it currently sits below the 24h high of $1.3955. The formation suggests a healthy cooling-off period as the asset builds liquidity for a potential retest of its recent peak.
The 24h trading volume is active at 120.23M XRP, totaling approximately $164.95M USDT. This level of market participation indicates sustained interest in the asset despite the sideways movement. To confirm a continued bullish trend, $XRP needs to break and hold above the $1.3700 resistance level; maintaining support above $1.3500 is essential to avoid a deeper correction toward mid-range liquidity.