XRP Consolidation Hints at Potential Breakout Beyond $2.42 Resistance

XRP is trading within a tight range between $2.34 and $2.42, exhibiting temporary stability and low volatility. This pattern resembles XRP’s behavior in 2017 before its notable price surge, leading to speculation about a potential repeat trend. While support at $2.34 remains strong with buyers defending it, a breakout above the significant resistance level of $2.42 is crucial for signaling renewed momentum. However, maintaining the current range appears essential for preserving near-term stability.