XRP Consolidates at Crucial Zone, Breakout Toward $2.40 on the Horizon

XRP price experienced a 3.39% drop, but a 10% rise in volume suggests growing investor interest
Ongoing geopolitical tensions and new U.S. tariffs on China add pressure to global markets
XRP is consolidating above the $1.90$1.92 support zone, historically a launchpad for upward moves
Technical indicators hint at a possible breakout toward $2.40 if current support levels hold

Ripples native token, XRP, is showing signs of resilience despite a turbulent week in the cryptocurrency market. As of now, marking a 3.39% decline over the last 24 hours. However, a 10% increase in XRP trading volume signals growing investor interest, suggesting that bullish momentum could soon return.

XRP Consolidates at Crucial Zone, Breakout Toward $2.40 on the Horizon 63

Global Tensions Weigh on Crypto Market

The recent XRP price drop comes amid renewed geopolitical instability. Trade negotiations between the U.S. and China have hit a deadlock, with Beijing walking away from the table, demanding greater respect from Washington. Meanwhile, the European Union has expressed little optimism for a resolution anytime soon.

In a dramatic move, the White House has imposed a 245% tariff on Chinese imports, further rattling global financial markets and sparking a wave of uncertainty across both traditional and digital asset classes.

XRP Consolidates at Crucial Zone, Breakout Toward $2.40 on the Horizon 64

XRP Technicals Point to Possible Bullish Reversal

Despite macroeconomic headwinds, technical indicators for XRP remain largely bullish. The cryptocurrency is currently consolidating above the $1.90$1.92 weekly support zone, a historically significant level. This area has consistently acted as a springboard for upward price movements in the past.

XRP Consolidates at Crucial Zone, Breakout Toward $2.40 on the Horizon 65

On higher timeframes (HTF), XRP is undergoing a bullish consolidation above this critical level. Monthly charts show a healthy retest and stabilization along the Tenkan and Kijun lines, key components of the Ichimoku Cloud indicator. These patterns are viewed as long-term bullish signals.

As long as XRP holds above $1.86 on the monthly close, the long-term bullish structure remains intact.
XRP Consolidates at Crucial Zone, Breakout Toward $2.40 on the Horizon 66

On lower timeframes, particularly the daily and 4-hour charts, XRP appears poised for a breakout. The current support around $2.10, and price action suggests a move toward $2.40 could be the next major target.

XRP Consolidates at Crucial Zone, Breakout Toward $2.40 on the Horizon 67

For XRP to continue its upward trajectory, breaking through the upper weekly downtrend resistance will be key. A decisive breakout could set the stage for a retest of the previous XRP all-time high (ATH) and potentially even new highs in the coming months.

While short-term volatility driven by geopolitical news continues to create uncertainty, Ripples XRP remains structurally strong. Rising trading volume, solid support zones, and technical consolidation all point toward a possible bullish reversal in the near future.

Text source: TronWeekly

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