XRP Price Forecast: Chart Analysis Suggests Potential Consolidation

Recent price action for XRP reveals a pattern of bullish attempts followed by bearish reversals. The daily chart shows the coin breaking out of a downtrend, but selling pressure has reasserted itself, pulling prices back below key support levels. While the Bollinger Bands remain relatively stable, the MACD indicator suggests weakening bullish momentum. A potential retest of lower support zones is possible if buying pressure doesn’t return.