XRP Price Consolidates Ahead of Resistance Breakout

XRP's price has shown resilience, trading at approximately $2.14 with a 1.52% increase over the past 24 hours, despite experiencing a 5.3% drop in open interest and a 13% decrease in trading volume. The cryptocurrency has gained 11.72% over the past week, indicating a positive short-term outlook, even though its price trend has reflected lower highs and lower lows, suggesting market indecision. Analysts point to resistance levels around $2.10 to $2.20, with the potential for further gains if these are cleared. However, failure to maintain above key support levels, particularly $2.00, could lead to a decline toward lower support zones. Institutional interest in XRP remains strong, contrasting with the withdrawal of funds from Bitcoin and Ethereum. The market's overall volatility and a lack of clear momentum may result in continued consolidation for XRP in the near future.