Ripple’s XRP Price Shows Potential for a Trend Shift

Ripple’s XRP price has shown resilience this week, bouncing back nearly 6% on Tuesday after a brief liquidity event on Monday. Despite enduring a multi-month downtrend since July, the $2.28–$2.30 resistance band now acts as a crucial inflection point for potential bullish continuation. A bullish daily close above $2.30 would confirm a breakout from this structural constraint, potentially driving XRP toward $2.58. XRP has displayed aggressive price movements between liquidity pockets throughout 2023, increasing the likelihood of a significant rally.