🔍 Technical Analysis XRP: Consolidation or Breakout Signal?

XRP is currently trading around the key pivot zone of $2.0460. After a period of marked volatility, the chart shows signs of compression that deserve close attention.

📊 Key Points of the Analysis:

Pressure on the MA60: We observe that the price is nervously fluctuating around the Moving Average (MA60). Currently, the price is just above it (2.0464 vs 2.0461). For professional traders, this is a "no trade" zone until a clear direction is confirmed by a decisive closing candle.

Volume and Liquidity: The 24-hour volume is massive (1.15 Billion USDT), confirming that XRP remains one of the most liquid and closely monitored assets. However, on the short term (15m), volume bars show indecision (similar-sized red/green bars), indicating a fierce battle between buyers and sellers.

Price Structure: We notice a series of "Lower Highs" (peaks getting progressively lower) since the peak at $2.1090. This indicates a slight short-term selling dominance.