## Is XRP Setting Up For Its Next Major Move? Technical Setup Suggests More Action Ahead

XRP traders are closely watching the current price action as the asset finds itself at a critical juncture. Currently trading around $1.91 with a 24-hour gain of 4.52%, the coin is showing some positive momentum, though market participants remain cautious about what comes next.

## Bollinger Bands Paint an Interesting Picture

The three-hour chart reveals something noteworthy: the Bollinger Bands are experiencing significant expansion, signaling elevated volatility in the market. This widening band structure typically precedes major directional moves. Price action has already tested the lower band around the $1.83 level during the recent dip, a development that often attracts buyers looking to capitalize on oversold conditions.

## Key Levels Under the Microscope

The $1.91 support zone has proven crucial in recent trading sessions. Should XRP maintain this level, bulls could target the $2.10 resistance area in the medium term. Breaking above this threshold would open the door to higher levels. Conversely, slipping below the lower band support could attract further selling, though the 8.64% bump in trading volume suggests there's underlying interest protecting the downside.

## Market Sentiment and Consolidation Phase

Recent market commentary from prominent macro analysts suggests XRP may be in a consolidation pattern before the next significant breakout. The asset has demonstrated resilience despite broader market uncertainty affecting investor confidence across traditional and crypto markets. Cautious positioning by traders reflects the wait-and-see approach dominating the space.

## What's Next?

The 24-hour trading volume sitting at $92.45M indicates healthy participation levels. Whether XRP breaks higher or tests support again depends on broader market conditions and investor appetite for risk. The technical setup, while showing potential, requires patience as the market digests the current price range.