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Ripple Price Analysis: XRP Seems Ready to Break Out of Consolidation Phase

  • XRP is currently in a consolidation phase and is showing signs of an impending breakout.
  • XRP/USDT is respecting a descending channel with a resistance zone at $2.60–$2.80 and a support area at $2.10-$2.30.
  • A breakout above $2.60 in XRP/USDT could lead to a push towards $3.20, while a breakdown below $2.10 may result in a retest of $1.90.
  • XRP/BTC is trading within a falling wedge pattern, with a resistance zone at 2500 SAT and a support at 2100 SAT. A breakdown in the pattern could indicate further weakness for Ripple against Bitcoin.

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