XRP Consolidates Below Key Resistance as Institutional Demand Remains Firm

XRP continues to consolidate near the $1.07 level after defending the $1.04 support zone over recent sessions.

The stabilization suggests selling pressure has eased, but buyers have yet to establish sustained control.

Despite trading around $1.07, the 20, 50, 100, and 200-period EMAs remain clustered between $1.07 and $1.10, creating a strong resistance band that limits upside momentum.

The RSI has climbed to 47.64, indicating an increase in momentum, but this does not confirm the bulls are gaining strength.