XRP at a Crossroads: Can It Break $2.22 or Will It Crash to $2.07?

XRP teeters on the edge—bulls and bears locked in a high-stakes showdown.

Will the next candle send it soaring or sinking?

Price action tighter than a banker's grip on fees—here's what traders are watching.

One thing's certain: volatility's back, and the market's itching for a move.

Just remember: in crypto, the only guarantee is that someone's always ready to sell the news.

• XRP is nearing the end of its consolidation phase, with a breakout expected soon that could lead to explosive moves.
• After 7 candles of consolidation, XRP is poised for a “KABOOM Phase” that could send it soaring or crashing.
• With mixed signals in volume and open interest, XRP’s next move above $2.22 or below $2.07 will decide its direction.

XRP is approaching the final stages of its consolidation period, and traders are expecting explosive price action. The cryptocurrency has spent the last week in a narrow range, and experts believe it will break out soon, likely after a candle. This action may push XRP to skyrocket or to crash to the ground and is a game-changer of cryptocurrency.

Egrag Crypto pointed out the chart structure of XRP. In 2017, a consolidation period of 6 candles only saw a significant rally in the value of the token. And today, as the cryptocurrency squeezes together a 7-candlestick consolidation, most investors think an 8th candle will trigger a major change in price. An up-swing or downswing, either way, the anticipated next stage is the KABOOM Phase.

Source: X

XRP Primed for Breakout: Key Levels Ahead

The technical elements regarding XRP are aligning for a possible breakout. The price is moving toward some main support and resistance, and trendlines, Fibonacci levels, and Cup Surface meet. All these indicate that the coin will easily breach its consolidation range. Exponential moving averages are converging, which means that the cryptocurrency is about to MOVE upwards or downwards.

Dark Defender anticipates the short-term cryptocurrency goals are at 2.22 and 3.61, and support at 2.0706. Analysts have identified these levels as important price points. Once the token surpasses the existing level of resistance, there is a possibility of massive gains. Nevertheless, a break of support may push the cryptocurrency back to lower prices, resulting in a possible market correction.

Source: X

Declining Volume and Bearish Sentiment

The recent data on Coinglass shows mixed signals, as much as it is bullish. The trading volume of the token has decreased by 46.98% to reach 2.66 billion. Also, open interest has declined by 1.79% to 3.89 billion. Nevertheless, coin has an OI-weighted funding rate of 0.00025%, which shows the absence of its market sentiment.

Liquidations of long positions have been remarkable in the last 24 hours at $853.34k. In the meantime, long positions experienced $650.22K worth of liquidations, while short positions experienced $203.12 K. This means that the market feeling is slanting towards bearish sides, despite the price being close to critical levels.

Source: Coinglass

The future of XRP will be dictated in the next few days as it challenges major price points. The traders are keenly observing conditions for it to go above 2.22 or below 2.0706. The KABOOM Phase may be coming, and the next trend of cryptocurrency may blow up.