The last trading weeks in the XRP market gave good results to sellers. Starting in November 2021, the XRP price has fallen by 60%. Sellers managed to test the consolidation range for the period of June-July 2021. It is from the price range of $0.52-$0.6 the wave of XRP price growth has started with the final target of $1.32. And in the end we see consolidation in the global timeframe, which has been going on since May 2021. https://www.tradingview.com/x/rV0tn1oI/ At the moment, the XRP price is at the bottom of this consolidation and buyers are trying to start a new local growth wave. Trading volumes during the last fall wave in November 2021 are low. The price without much resistance stopped near the liquidity zone of $0.52-$0.6. That is, there is no clear interest of buyers to change the situation in the XRP market. The best case scenario for the XRP market at the moment is a price rebound from the lower limit of consolidation with the first target of $0.8. At this point, it will become clear whether the global consolidation scenario is relevant and whether the XRP price should continue to grow to $1.1. XRP Technical Analysis On The Daily Timeframe https://www.tradingview.com/x/r4ouHc0h/ Analyzing the XRP price movement on the daily timeframe, we can see that the interest of buyers was high in the range of $0.52-$0.6. However, this lasted for only a few days. On 26 January, when buyers on the increased volumes tried to start...
