Crypto
XRP Price Stuck in Consolidation as Buyers Struggle to Regain Control of Key Resistance Zone
Ripple's XRP has been in a corrective phase since its sharp August breakout, and buyers are struggling to regain control of the key overhead supply zone.
The current structure suggests that the market may need more consolidation before another sustained directional move develops.
XRP's price is currently trading around $1.42, just below the major supply area between $1.45-$1.54.
A daily close above this resistance zone would strengthen the bullish case and could eventually bring the $1.70 high back into focus.