XRP Consolidates Near $1.40 as Analysts Eye Breakout to $2.10

XRP has been consolidating after its strong August rally, trading near $1.40 as of September 7.

The token hit an intraday high of $1.43 and a low of $1.38 on that day, with a market cap of around $89.26 billion and daily trading volume near $1.46 billion.

XRP broke out of a short-term descending channel in early September, but the price hasn't pushed meaningfully higher since.

The 20-day SMA sits at $1.3954, just below the current price, while longer-term averages are further below, the 50-day at $1.19, the 100-day at $1.15, and the 200-day at $1.27.