XRP continues to trade within a tight range near $2.94, with key support and resistance levels defining market direction. While facing a 5.6% decline in the past 24 hours, XRP remains firmly above its crucial $2.94 weekly support, absorbing recent selling pressure. This level serves as a crucial reference point for traders as the currency oscillates between $2.95 support and $3.14 resistance. The continued presence of this support suggests a possible consolidation phase in the near future. However, a sustained breach above $3.14 is needed to break free from the current range-bound activity. While XRP’s price action against Bitcoin shows relative resilience with a 2.6% increase, the immediate focus remains on maintaining stability above $2.95 support.