- XRP is converging at a support level of $2.78, indicating high price stability in the short-run following a 61% upward movement.
- The falling wedge pattern has a resistance at $2.85, which may lead to a breakout on the upward side in case of a successful test.
- A dynamic trading volume reflects long-term interest in the market which substantiates organised price variations within the wedge.
XRP (XRP) has been a major price mover in the recent past, and it is now trading at $2.81, which is 3% lower than it was in the last week . The token has been trading at a high of $2.85 and a low of $2.78 in the last 24 hours reflecting consolidation around major support.
The volume of trade has remained active, which demonstrates that it has participated in this market. Interestingly, the $2.78 support has been very strong, which has given a price floor to the traders. Meanwhile, the resistance of $2.85 continues to support the near-term price limits, suggesting the occurrence of orderly trading.
Technical Formation Highlights Potential Upside
The XRP daily chart reveals a falling wedge pattern forming after a 61% rally from mid-2025 levels. This wedge demonstrates narrowing price ranges as the token consolidates above $2.78 support. Traders can observe repeated tests of this support, which has successfully contained declines.
The chart also shows resistance within the wedge around $2.85, marking a critical level for potential upward movement. Importantly, the wedge reflects structured price action, with reduced volatility compared to the previous rally.
Price Movement and Trading Range
XRP’s 24-hour range between $2.78 and $2.85 highlights the token’s contained trading activity. The consolidation follows a rally that moved XRP higher by 61% over 16 sessions. Volume data indicates steady participation, supporting the current price stability.
The token’s performance in USDT pairs reflects ongoing liquidity, while BTC dominance remains at 0.00002514 BTC, accounting for 1.5% in trading pair metrics. These levels demonstrate XRP’s relevance in active trading, with market activity concentrating around the wedge formation.
Short-Term Focus on Key Levels
Analysts note the importance of the $2.78 support, as it acts as a floor for intraday fluctuations. Resistance at $2.85 has been repeatedly tested, showing the market’s structured nature. Observers can track potential breakouts from the wedge, which may align with previous momentum patterns.
Technical metrics suggest that consolidation could influence upcoming price ranges. The combination of a falling wedge, active trading volume, and critical price levels provides insight into XRP’s short-term structure.
