XRP Price Consolidates Near Key Resistance; Liquidity Wall Impacts Momentum

XRP is experiencing a period of consolidation, currently hovering near the $2.95 level after a 2.1% daily decline. The cryptocurrency faces resistance at the $3.12 mark and is constrained by a significant liquidity wall just above this region. This has hampered XRP’s upside momentum despite demand for support remaining strong around $2.93. Analysts highlight that every attempt to push beyond the key level faces significant selling pressure, keeping the price locked below resistance.