XRP Consolidation Continues Amid Broader Recovery Structure

XRP is currently in a state of tight consolidation after a sharp recovery from the $1.00 area, with its price holding well above major support zones on the daily chart.

The broader structure has improved, but XRP remains capped by the $1.60-$1.70 resistance region and still trades beneath a descending trendline on the 4-hour chart.

XRP's rebound from the $1.00 zone pushed its price back above the 100-day and 200-day moving averages, which have started to flatten and turn higher around $1.30.

The nearest support for XRP is located around $1.30, with a significant breakout area and daily moving averages aligning in this region.