- XRP consolidates as volatility cools following weeks of sustained selling pressure.
- Analysts watch $2.30 for confirmation beyond the descending channel structure.
- Wyckoff roadmap places XRP in post-spring recovery with higher phases mapped.
As of press time, Ripple (XRP) is trading at $2.12, rising 2% over the past 24 hours. The token stayed within a narrow weekly range after weeks of selling pressure. Price action now reflects steadier conditions. Market participants are assessing whether recent gains represent stabilization or a temporary pause before the next move.
Over the past seven days, XRP fluctuated between $1.83 and $2.16. The range reflects reduced volatility compared with December. On a monthly basis, the asset is up about 4.77%. This performance suggests selling intensity has eased. Buyers and sellers appear more balanced at current levels.
XRP Structure Shows Controlled Correction Within Downward Channel
Analyst Egrag Crypto highlighted XRP’s structure on a five-day chart. The analyst noted that price remains inside a clear descending channel. This pattern was described as a controlled correction. Momentum appears to be cooling rather than reversing sharply. The structure does not yet signal distribution.
The analyst outlined specific technical conditions to monitor. A daily close above the 21-period exponential moving average is the first requirement. A retest of that level as support would be the second step. The final signal would be a break above the channel top near $2.30. Without these steps, confirmation remains absent.
Egrag stated that a confirmed breakout could shift momentum. The next potential price zone cited was between $3.10 and $3.30. Until confirmation appears, the move is classified as a bounce. The analyst warned against treating current action as a breakout.
According to analysts, an upside break was assigned a 60% likelihood based on structure. Continued ranging inside the channel carried a 30% probability. A deeper breakdown toward $1 was set at 10%. That scenario was linked only to broader macro stress.
XRP Tracks Wyckoff Accumulation
However, analyst Charting Guy highlighted that XRP is tracking a Wyckoff accumulation roadmap on the daily timeframe. The structure places the market in a post-spring recovery zone, with Phase C in the chart already formed and later phases mapped ahead.
Related: XRP Price Rejected at Multi-Week $2.30 Highs: What’s the Next Move?
In this framework, Phase C represents the post-spring recovery zone. The spring was marked near the $1.60 to $1.70 area. A higher test followed around $1.95 to $2.10. This sequence showed weaker downside continuation. Sellers failed to regain control after the test.
Source: X
Phase D begins once XRP reclaims the creek. The reclaim is tied to the $2.80 to $2.90 zone on the chart. A jump across the creek marks the transition. The first sign of strength is plotted near $3.35 to $3.45. That zone aligns with upper range resistance.
After that move, the roadmap shows a last point of support level. This level sits roughly between $3.05 and $3.20. The structure assumes price holds above former resistance. Failure to do so would invalidate the phase progression. Confirmation remains level dependent.
Phase E is mapped as continued markup. Acceptance above the $3.35 to $3.45 band is required. The projected advance extends toward the $8.00 to $9.00 region and the path approaches the $10 level. These levels remain conditional on earlier confirmations.
On-chain data points to a shift in behavior. Analysis from a contributor focused on Binance metrics. The seven-day simple moving average of the Taker Buy Sell Ratio rose to 0.991. This was the highest level since late November.
The ratio measures aggressive buying against aggressive selling. The recent rise shows selling pressure has weakened. Buyers are more willing to execute at market prices. The change followed a bearish phase in mid-December. The move aligned with XRP’s recent price recovery.
Analysts noted a key threshold remains. Analysts noted that a sustained move above the 1.0 level would strengthen the bullish case by confirming buyer dominance in the short term.
