Ripple (XRP) has been trading within a descending wedge pattern, nearing the upper boundary, but lacking strong bullish momentum for a breakout.
XRP is currently consolidating between $1.6 and $3.3 levels, with a recent bounce from the $2.0 support indicating a potential retest of the $2.4 resistance zone.
On the 4-hour chart, XRP is forming a descending channel resembling a bullish flag pattern, with the price nearing the upper boundary around $2.2 and aiming for $2.4 resistance.
A decisive surge above $2.4 could signal a trend reversal and open the door for a rally towards the $3 resistance zone.