XRP has climbed 2% higher but now faces selling pressure near the $0.70 resistance level. With XRP in the middle of its channel, neither bulls nor bears have full control, suggesting range-bound action before the next major move.
On the hourly timeframe, XRP is approaching the $0.6850 resistance. A decisive break above could drive prices toward $0.70 where substantial supply exists.
The daily chart also shows XRP far from resistance as volume declines. This signals consolidation between $0.67 and $0.70 in the coming days.
In the medium term, the current candle may form long wicks, indicating XRP requires time to gather strength for further upside. Sideways chop around $0.70 appears likely next week.
For now, XRP trades around $0.67 following its recent upswing. But the crypto looks poised to enter a holding pattern before bulls can overcome selling pressure near $0.70 and restart the uptrend.
Patient buyers may see dips as opportunities for accumulation before the next leg is higher. However, breaking past $0.70 won’t come easy for XRP bulls. Sustained trading above that level is needed to confirm the rally has legs.
