The cryptocurrency market is experiencing increased volatility, but XRP’s price has remained relatively stable despite the recent shifts. However, XRP is known for its unpredictable movements and currently holds a critical support level on the daily chart, trading at around $2.45. Analysts suggest this stability may be indicative of upcoming bullish momentum as RSI indicator points towards potential positive change after showing some bearish divergence last week. 2023 has been a period of high volatility for cryptocurrencies, with a rise in Bitcoin price which has helped boost other altcoins and could potentially further impact XRP’s price. The short-term outlook suggests a tight trading range between $1.57 (April low) and $3.40 (recent high), but no clear breakout yet. This range might shift into a triangle pattern or another formation over time. 2023 has witnessed XRP experiencing sideways movement as the price of Bitcoin, Ethereum and other cryptocurrencies experience volatility. If XRP breaks above $2.62, it could signal a start of a larger rally. The trend remains positive as long as XRP holds above its recent Monday low. 2023 has seen XRP break through resistance levels to reach new highs. A breakout above $3.30–$3.40 is possible if Bitcoin and the broader market continue to experience upward momentum. However, a drop below $2.31 and $2.28 could signal that the recent rally might have ended, with prices potentially falling towards the $1.79–$2.60 region before finding new support. This short-term analysis suggests a bullish outlook for XRP as long as it holds above its recent Monday low, but market movements can change quickly.