XRP gained 2.3% to $2.78 but remains trapped in a narrow trading range between $2.70-$2.80, with technical indicators suggesting potential downside volatility ahead. Multiple timeframe analysis reveals weakening momentum and bearish signals across short to medium-term moving averages despite holding key support levels.
XRP trades at $2.08 amid whale accumulation and AI forecasts predicting $5 by year-end, while Saudi Arabia’s central bank pilot with Ripple’s cross-border payment technology adds institutional validation.
XRP is consolidating within a $2.84-$2.99 trading range with strong resistance at $3, while institutional volume surged to 155 million tokens during recovery periods. The cryptocurrency faces a critical test of whether support at $2.93 will hold or if increased volume will drive a breakout above the psychological $3 level.
