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Crypto

XRP Price Stalls at Channel Midpoint Amidst Ongoing Consolidation

Guavy AI Editorial Team
Instruments
XRP
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XRP is currently consolidating near $1.38 after failing to clear its descending channel.

The price has paused around the middle of the channel, with buyers absorbing declines and preventing a further leg lower.

The Relative Strength Index (RSI) remains weak at approximately 41, indicating that sellers have lost some momentum.

Futures turnover still dominates XRP trading, with derivatives volume about 4.39 times larger than spot volume.

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