XRP Faces Consolidation Near $2.39 as Bullish Momentum Shows Signs of Fatigue

XRP’s price action has entered a consolidation phase around $2.39 following a recent uptrend, with technical indicators suggesting a potential pause in bullish momentum. Despite the broader market structure remaining bullish, fading momentum and declining trading volume raise questions about its near-term trajectory. This article delves into the key technical signals and what they might mean for XRP’s future price movement.

XRP Consolidates Near $2.39 as Technical Indicators Signal Pause in Bullish Momentum

XRP’s price action suggests a consolidation phase after its recent uptrend, with the asset hovering around $2.39 despite an intraday dip. The broader market structure remains bullish, but fading momentum indicators and declining trading volume raise questions about its near-term trajectory.

Technical signals paint a cautious picture. The MACD and RSI show weakening bullish strength, while a 25% drop in trading volume during price gains hints at thinning market participation. Without fresh catalysts, XRP may struggle to extend its advance.

Multiple moving averages continue to provide support, but the cryptocurrency appears to be catching its breath after the rally. Market watchers await either a breakout confirmation or evidence of further consolidation.

XRP Price Struggles to Hold Ground — Breakdown or Breather?

XRP faces renewed selling pressure after failing to sustain momentum above $2.45, mirroring broader market weakness. The digital asset now tests critical support at $2.35 as traders weigh whether this represents a temporary consolidation or the start of a deeper correction.

A descending trendline on hourly charts suggests bearish momentum, though the formation of a potential bullish flag pattern NEAR $2.32 could signal accumulation. Market participants are closely watching the 100-hour moving average, currently acting as resistance near $2.48.

The Kraken exchange data shows XRP’s struggle to maintain footing comes amid mixed performance across major cryptocurrencies. Trading volumes remain subdued compared to last week’s activity, indicating cautious market sentiment.

XRP Price Analysis: Bullish Continuation Expected Despite Recent Retracement

Analyst Master Ananda’s technical assessment suggests XRP’s recent pullback from $2.5 to $0.23 may represent a temporary consolidation rather than trend reversal. The altcoin has maintained underlying bullish structure despite consecutive red closes, with key support levels holding.

Market sentiment briefly turned cautious following the 90% price crash, but on-chain metrics and chart patterns indicate accumulation. "This resembles a healthy correction in an established uptrend," observed Master Ananda, noting historical precedents where XRP rebounded sharply from similar retracements.

Institutional Demand Fuels XRP Rally as Unilabs Debuts with AI-Driven DeFi Platform

XRP surged past $2.30 following the SEC’s approval of an ETF set to launch April 30, with institutional investors increasingly viewing the token as a viable alternative to traditional banking infrastructure. The regulatory milestone has reignited bullish sentiment around Ripple’s native asset.

Meanwhile, Unilabs has attracted over $30M in assets under management for its AI-powered DeFi platform within days of launch. The project aims to democratize institutional-grade portfolio tools for retail investors, capitalizing on growing demand for algorithmic asset management solutions.

2 Critical Warnings for Ripple’s (XRP) Price

Ripple’s XRP faced a sharp rejection at $2.45 after a brief rally, signaling potential downside risk. The token now teeters at a critical support level of $2.30, with technical indicators suggesting further losses if this floor fails to hold.

Market dynamics reveal troubling signs as a major whale reduced long positions despite XRP’s recent surge to $2.65 last week. The asset has struggled to maintain momentum since failing to break through the $2.50 resistance during Sunday’s market-wide uptick.

XRP Price Dips Amid Surging Volume as Traders Reposition

Ripple’s XRP fell 3.32% to $2.31, bucking its weekly gain of 5.08%, as 24-hour trading volume spiked 58.69% to $3.87 billion. The divergence suggests profit-taking or strategic repositioning ahead of the next price move.

Market dynamics saw PAX Gold and Tether Gold rally while Bittensor and Ethena declined sharply. XRP’s market capitalization stands at $135.62 billion, maintaining its position among top cryptocurrencies despite the pullback.