- XRP consolidates above $2.77 weekly 50EMA, confirming early-stage bull market conditions and renewed structural strength.
- Analyst ANBESSA notes mid-range S/R flip, marking a new higher-low structure that supports continuation toward fresh highs.
- Trading volume declines by 7.74% but liquidity remains robust, keeping XRP stable near $3 with growth potential ahead.
Ripple (XRP) remains strong as it is consolidating above the key support levels to strengthen its present structure. As technical indicators converge around longer durations, the market participants keenly observe the arrangement of the token to be price discovered.
Mid-Channel Flip and Structural Confirmation
Analyst ANBESSA (@Anbessa100) recently shared a chart illustrating XRP’s mid-channel support and resistance flip. This development shows the coin consolidating above a pivotal range, an important shift in its multi-year ascending channel. Such mid-range flips often mark a new phase in structural maturity.
The reclaim of this level has transformed a long-standing resistance into support, effectively creating a higher-low structure. In technical analysis, this shift often points toward bullish continuation on higher timeframes. XRP holding above this mid-channel range has reinforced the view that demand is being absorbed before the next expansion.
Over the past years, XRP’s price behavior has consistently respected these structural zones. By maintaining consolidation at this reclaimed level, the token has signaled a continuation of its bull market conditions. This aligns with ANBESSA’s statement that the recent setup reflects “years of perfection” in structural alignment.
Consolidation Above Weekly 50EMA
Beyond the mid-channel reclaim, XRP has also maintained strength above the weekly 50EMA at $2.77. Historically, this exponential moving average has been a decisive level separating bullish and bearish conditions. Reclaiming and consolidating above it has added another layer of confirmation to the current trend.
ANBESSA emphasized that XRP’s ability to respect this threshold supports his long-term view of early bull market positioning. The alignment of structural consolidation with the 50EMA demonstrates momentum building across higher timeframes. Traders monitoring these signals often interpret them as confirmation of sustainable strength.
With consolidation established above both the mid-range and the 50EMA, XRP has established a dual confirmation setup. This structure suggests that market participants are preparing for further upward continuation while maintaining clear invalidation zones below $2.77.
Market Metrics and Near-Term Outlook
Ripple’s native token is trading at $3.01 with a modest daily gain of 0.88%. Its market capitalization stands at $180.58 billion, while its fully diluted valuation is $301.62 billion. The dilution possibility is minimal in the capped number of 100 billion tokens.
XRP experienced a drop of 7.74% in 24-hour trading volume, which stands at $5.42 billion. Although turnover has decreased, the liquidity is also high, facilitating non-price volatility. The Vol/Mkt Cap ratio of 2.99% reflects consistent activity relative to market size.
During the recent sessions, XRP reached an intraday high of $3.05 and reverted to the levels of $3.01. Moving around this level might open up additional profits. According to market watchers, any break above $3.10 can pave a way to the $3.50-$4.00 range in case volume inflows pick up.
