- XRP consolidates near $2.23 as volume drops and resistance holds at $2.39.
- Futures activity rises while RSI and MACD hint at a possible breakout move.
- Garlinghouse’s payroll model fuels XRP’s utility narrative amid ETF delay stability.
XRP is trading near $2.23 after briefly touching $2.36 earlier this week. According to recent market behavior and analyst projections, the asset is consolidating and may be preparing for heightened volatility. As futures activity increases and technical conditions align, XRP could soon break from its current range.
Consolidation Signals Build-Up in Volatility
According to market analysts, XRP was recently rejected just below the mid-Bollinger Band at $2.39, a key resistance level. A failure to break above this area may lead to a retest of support near $1.78, reflecting a potential 20% downside from current levels.
Volume has decreased, suggesting that traders are waiting for stronger momentum to re-enter the market. The 20-week moving average is flattening, which supports the current lack of directional bias. Until the price breaks above $2.39, conditions may remain range-bound with short-term bearish pressure.
Technical support at $2.08–$2.10 has remained steady. If buyers defend this zone, it may become the launch point for a future surge toward $2.50. RSI readings around 36.41 and a neutral MACD position indicate a potential shift from accumulation to expansion.
Utility Developments and Futures Activity Add Fuel
Ripple CEO Brad Garlinghouse recently proposed using XRP for real-time payroll, aiming to shift global salary models from monthly cycles to per-second payments. According to an observation by CryptoSensei, this sparked renewed interest in XRP’s real-world applications.
XRP has also maintained its position above $2.00 despite delays in ETF approvals by the U.S. SEC. Bloomberg analyst Eric Balchunas stated that the delay is part of a standard review, maintaining high expectations for eventual approval.
With rising on-chain volume and a growing number of futures contracts, XRP is entering a period where price movement may become more aggressive. If current support zones hold, projections for $9.5, $17, or even $27 could become part of a long-term trajectory.
