XRP Price Consolidation Continues Amid Fragile Momentum

XRP's price movement has been characterized by repeated failures to break through key resistance levels. The cryptocurrency's inability to sustain gains above $1.60 on the daily chart highlights the presence of supply overhead, leaving its momentum fragile and subject to correction.

On the 4-hour timeframe, XRP is trading within a well-defined descending structure, with lower highs and lower lows forming within channel boundaries. The recent bounce from the lower demand zone near $1.10-$1.20 was sharp but corrective in nature.

The asset's current consolidation around the $1.35-$1.40 area, previously serving as intraday support, suggests ongoing range-bound behavior. A move toward the $1.50-$1.55 supply region would be considered a retest unless accompanied by strong momentum and a structural break.