- XRP will stand at $2.26 enjoying the strength in the position above its all-time high zone in 2017.
- The current correction period is in line with the support of 2.26 and the resistance of $2.38.
- According to market information, the accumulation pattern of XRP over 12 months has not weakened and is still intact in spite of short-term deterioration.
The current market weakness has not affected XRP because the cryptocurrency remains stable since it was in 2017, at its all-time high. The share is at a price of $2.26 and its 7-day price change is negative by 8.0%. The market data indicate that there is minimal movement at a range of 24 hours between the price of $2.26 and $2.38 indicating low volatility at structural support. Analysts note that this mark is at the lower limit of the 12-month accumulation phase in XRP that has not yet been erased even in the short term as prices pull back.
Extended Consolidation Reinforces Key Structural Support
In the last one year, XRP has been constructing a steady foundation over the historical breakout zone. The current repricing seems to be nearing a conclusion with the prices getting near-term support again. It is worth noting that the level of support at $2.26 coincides with several previous reaction points, which give technical power that could stabilize it.
Nevertheless, the trend indicates the presence of containment selling activity, and the players in the market will pay close attention to whether the accumulation range could be maintained by the ongoing retracement. Candlestick structures indicate measured declines rather than accelerated sell-offs, reinforcing that XRP remains largely within a neutral consolidation channel.
Resistance Levels Limit Upward Momentum
While the broader structure holds, resistance around $2.38 continues to cap recovery attempts. The upper range has repeatedly rejected upside tests, maintaining XRP’s position inside a narrowing consolidation band. This resistance level coincides with the upper trend boundary identified in recent wave cycles, which continue to show symmetrical behavior between phases.
Moreover, short-term momentum is low, and consecutive lower highs have formed since the beginning of October. Irrespective of these limited pullbacks, the structure of XRP continues to show strength especially considering that the market is still above the key long-term averages.
Market Structure Points Toward Continuation of Range Movement
Technical readings show a repeating five-wave sequence within both the bullish and corrective phases. This pattern consistency underscores a stable market rhythm, where each correction is followed by a comparable rebound attempt. The present downward wave, if completed, would align with the structural completion of the ongoing support retest.
As the correction phase matures, market focus remains centered on whether XRP can hold above the accumulation base before volume expansion returns. Until then, price behavior continues to reflect equilibrium between support buyers and short-term profit takers.
