- XRP trades at $2.83 after an 8% weekly decline, holding just above immediate support at $2.84.
- Resistance at $2.98 continues to cap upward moves, keeping price confined within a narrow range.
- Liquidity data shows clustering below $3, raising attention on whether support can sustain against selling pressure.
XRP continues to trade under pressure after registering an 8.0% decline over the past week. The asset is priced at $2.83 and remains close to immediate support at $2.84. Recent trading activity shows similarities with past consolidation phases where tight ranges dominated before decisive market movements developed. Liquidity data also highlights that more orders are accumulating below $3, pointing to a possible pullback scenario.
Weekly Performance and Current Range
XRP, too, in the last week experienced steady downtrends as price fell from higher levels to its current price of $2.83. On the Bitcoin side, as well, the token is also traded at 0.00002547 BTC, which is a small enough 0.2 percent adjustment. In the meantime, its 24 hours range lies between 2.84 and 2.98. This narrow range is still considered to be the short-term environment, and market players carefully monitor the price that moves in a narrow range.
Consolidation Below Resistance
The level of resistance at $2.98 has been strengthened, and XRP is not free to sustain the positive upward momentum. The support zone around $2.84 has also succeeded in averting further falls in the meantime. However, the price of the asset remains stuck below this resistance indicating conservative trade. The heatmaps of liquidity also indicate that there is huge interest accruing beneath the 3 mark, which solidifies the concern around the issue of whether support will be able to prevail.
Market Context and Technical Outlook
The current market environment highlights a balance between resistance pressure and the protective role of support. Traders remain attentive to the interaction of these levels as XRP consolidates. Notably, the buildup of liquidity below $3 could draw the price lower if support weakens. On the other hand, defending $2.84 may redirect focus back toward the $2.98 resistance.
These thresholds now define XRP’s immediate trajectory, with price action confined within compact but decisive ranges. XRP is stuck between its $2.84 support and $2.98 resistance, where the liquidity is concentrated at levels below 3. Subsequent meetings will either establish whether consolidation or a decisive breakout will be achieved.
