Ripple highlights XRP Ledger progress: XRP faces consolidation after recent profit-taking

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XRP Drops 3.05% Today on Pullback

Highlights

XRP trades in a bullish structure above key moving averages with dynamic support near $1.3430 and resistance near $1.5500.
Momentum indicators confirm prevailing upward trend but overbought readings raise the risk of a near-term pullback.
Expected price range for the next five days is $1.4275 to $1.5500, with higher probability of consolidation or decline.

XRP Ledger adoption rises as profit-taking outweighs positive network signals

Ripple highlighted that RLUSD crossed $2 billion in market cap last week, with nearly $1 billion issued on the XRP Ledger, emphasizing its real-world utility and enterprise focus. This tweet signals increasing adoption and enterprise penetration on the XRP Ledger, a factor that can drive demand and long-term value for the network. However, despite these positive signals, the market is reacting more strongly to profit-taking after last week's rally and overbought technical conditions. Meanwhile, XRP has benefited from strong inflows into US spot XRP ETFs, regulatory optimism following high-profile policy summits, and continued institutional growth in its ecosystem.

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Overbought indicators and support at $1.43 shape mixed XRP outlook

XRP is firmly above its MA-20 at $1.1488, MA-50 at $1.1148, and MA-200 at $1.2769, confirming a bullish structure across all major timeframes. Immediate support is set at $1.4275, with resistance near $1.5500. The MACD remains in buy territory, but an overbought RSI at 81.63 and high volatility warn of a likely pullback. For the next five days, XRP is expected to consolidate in the $1.4275 – $1.5500 range, with the tweet's positive signal yet to be reflected in near-term price action, adding caution to the outlook.

Jainam Mehta, market strategist, considers Ripple’s statement about RLUSD’s market cap and XRP Ledger utility insufficient to offset broader macro and profit-taking headwinds. Mehta believes positive ecosystem developments are currently overpowered by global market volatility and technical exhaustion, increasing reversion risk for XRP. "Ripple’s news is encouraging for long-term adoption, but near-term global risk-off sentiment and overbought momentum leave XRP vulnerable to deeper corrections."

Previously it was reported that XRP showed resilient momentum, underpinned by network upgrades and significant institutional ETF inflows, which contributed to short-term price stability despite heightened volatility. This article offers an updated assessment, highlighting a shift in technical signals that makes monitoring the current consolidation zone crucial for traders considering new positions.

Source of Data: XRP Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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