- XRP trades near $2.77 as buyers defend support at $2.70 while liquidity tightens across short-term charts.
- Analysts project long-term $20–$30 targets, citing extended accumulation and strong holder conviction.
- On-chain data signals reduced selling pressure, suggesting a corrective pause before bullish continuation.
XRP is stuck within a narrowing band, which indicates an accumulation and market indecisiveness. This structure is seen by analysts as a kind of preparatory stage and expect the subsequent upward movement to be larger upon the completion of current correction.
Long-Term Accumulation Signals Strength
XForceGlobal shared that XRP remains in a powerful accumulation phase following years of consolidation within a contracting structure. The asset recently completed its corrective cycle and broke out impulsively, beginning a new macro wave formation. This transition marks a shift from accumulation to expansion, suggesting a stronger technical foundation.
The formation of a multi-year descending wedge and subsequent breakout confirmed the end of a corrective leg. XRP is now undergoing a standard retracement, likely forming Wave (2), which often precedes a sharp upward rally in Elliott Wave theory. The current consolidation above previous breakout zones indicates strong holder conviction, with minimal evidence of large-scale distribution.
According to XForceGlobal, the extended base-building process increases the likelihood of a parabolic rally. Long-term projections remain focused on $20–$30 targets, as continued accumulation often translates to amplified momentum once demand resurfaces.
Market Consolidation Near Key Support Levels
XRP is trading at $2.77, consolidating just above $2.75, with buyers defending the $2.70–$2.75 range. A brief surge to $2.82 earlier faced rejection, reflecting resistance from short-term sellers. The market’s inability to hold above this level signals fading short-term momentum, while continued support retention suggests strong base stability.
The trading volume has declined almost by 47.8 percent to $2.91 billion, which is a sign that speculative activities have been reduced following the volatility of the recent past. High volume-to-market cap ratio of 1.75% validates the low involvement in the short-term, which is always followed by a big step. The clean breakout point above $2.80 may help to revive the bullish momentum whereas a temporary fall below $2.75 may draw fresh demand.
The market cap is at $166.16 billion, and the fully diluted valuation is at $277.75 billion, which is associated with the long-term potential of XRP after the momentum rebounds. Although the cooling phase is in effect, the asset is still in a bullish mid-term formation at the important support levels.
On-Chain Data Indicates Tightening Liquidity
Cryptonian noted that XRP consolidates near $2.75 as liquidity tightens and bearish pressure builds. On-chain data points to a temporary slowdown in activity but shows no evidence of major selling. Holder numbers remain stable at 475.51K, and nearly the entire supply is already circulating.
This behavior suggests a pause rather than a reversal, as strong hands continue to hold positions. Analysts expect a potential sweep of sub-$2.75 levels before buyers step back in. Reduced selling and persistent accumulation often serve as early signals of upcoming bullish continuation.
The market now watches for renewed inflows and volume expansion to confirm the next upward leg. Once momentum builds, XRP may resume its larger macro trend toward projected higher valuations, consistent with the extended accumulation thesis.
