The XRP price has recently hit resistance at a crucial level, potentially sparking a bearish pullback. While technical indicators are not entirely favorable to the bulls, market sentiment remains optimistic, fueling hopes for an upward trend. However, sustaining above support is critical as any failure would weaken bullish arguments. Recent large transactions exceeding $350 million have been recorded, with key movers being Ripple and Crypto.com, hinting at potential OTC deals or liquidity provisions. Ripple, meanwhile, has been offloading XRP to cover operational costs and stabilize the market. Additionally, the company burned 4M RLUSD following a minting pause, signaling ongoing adjustments in their stablecoin strategy while navigating market dynamics. The XRP price seems to be stuck in a crucial phase, with potential bearish divergence hinting at a larger downward trend. The convergence of the 50/200-day MA and a bullish Gaussian channel suggest a possible break above resistance. However, the RSI is dropping towards its average range along with CMF, indicating decreased buying volume and volatility. Therefore, XRP might remain consolidated between $2.5 and $2.6 before breaking through to $2.83, potentially leading to a new all-time high ($3) and beyond.