XRP Consolidates as Structure Echoes 2017 Highs

XRP is currently consolidating between $1.78 and $3.37, mirroring a similar pattern seen in 2017 before significant price rallies. This consolidation appears to be fueled by both the rise of DeFi applications and increased institutional interest, with trading levels hovering around the $3.00 mark. Analysts note that historical price cycles have shown a strong correlation between these periods of consolidation and subsequent surges.