XRP Trades in Narrow $2.33–$2.44 Range, Signaling Potential Breakout

XRP Holds $2.33–$2.44 Range as Traders Anticipate Breakout

XRP is consolidating within a $2.33–$2.44 range, with market participants closely watching for a break above $2.41 or a drop below $2.33 to signal the next directional move.

On Tuesday, XRP declined 1.17% to $2.39, underperforming the CD5 index by 1.47 percentage points. Trading activity, however, rose 5.77% above weekly averages, suggesting institutional repositioning rather than broad selling. Analysts describe the price action as order book churn, reflecting heavy rotation within a defined range as institutions adjust positions ahead of potential catalysts.

XRP formed a descending channel during the session, dipping to $2.33 on volume of 111.3 million tokens—83% above the 24-hour average—before rebounding to $2.39. Resistance near $2.41 capped gains, shaping a lower-high structure into the close.

Technical outlook:
The token’s range-bound structure indicates strong support at $2.33 and resistance at $2.44. Narrowing volatility and neutral momentum suggest a pre-break compression setup.

Traders’ focus:
A daily close above $2.41 could target $2.47–$2.50, while failure to hold $2.33 risks a slide to $2.28. Analysts are also monitoring correlations with gold and bitcoin to gauge broader risk-asset rotation amid compressed volatility.

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