XRP Price Stays Above $2.32 Support as Trading Range Tightens

XRP continues to trade within a tight range between $2.32 and $2.39, experiencing slight fluctuations with low volatility. Despite minor dips below the crucial support level of $2.32, the asset’s price has held steady for several days. This indicates a potential consolidation phase as buyers and sellers remain cautious. Analysts attribute this stability to recent developments in DeFi applications and increased institutional investment.