XRP Price Today: XRP Holds Steady Near $2.63 as Traders Watch Key $2.80 Resistance Zone
XRP is consolidating near $2.63, facing resistance at $2.80, supported by whale accumulation and bullish technical patterns.Summary
Ripple XRP is maintaining its position among the top five cryptocurrencies, showing sustained investor confidence despite broader market consolidation. The price has climbed nearly 15% over the past month, bolstered by optimism regarding Ripple's legal progress and significant whale accumulation of about $560 million in October.
Technically, XRP is trading within an ascending channel and is currently testing strong resistance at $2.80, according to analyst observations. A successful break above this level could target $3.20 and $3.60. Furthermore, a multi-year cup-and-handle pattern on the weekly chart reinforces a long-term bullish outlook, with some analysts projecting rallies toward the $4–$10 range, potentially fueled by institutional interest and expected ETF approvals.
Key levels to watch are immediate support at $2.40 and resistance between $2.75–$2.80. While minor pullbacks are possible due to short-term overbought conditions, the overall technical structure suggests XRP is consolidating before a potential next major breakout.
(Source：Brave New Coin)