XRP News Today: XRP Price Consolidates Amid Geopolitical Uncertainty, Long-Term Holders Accumulate

XRP’s price is currently in a consolidation phase, reflecting market indecision and a cautious short-term outlook amid recent geopolitical developments. This period of sideways movement is characterized by a balance between buying and selling pressures, with technical indicators such as the Relative Strength Index (RSI) and Average True Range (ATR) suggesting a lack of clear directional bias.

Despite the market uncertainty, long-term holders (LTHs) are steadily accumulating XRP, signaling growing confidence in the token's future prospects. According to COINOTAG sources, a breakout above $2.21 could trigger a significant upward move, while failure to hold key support levels may lead to a decline toward $1.99. This accumulation by LTHs is evident in the declining Liveliness metric, which tracks the movement of long-held tokens and recently hit a year-to-date low, indicating reduced sell-offs by long-term holders.

The recent announcement of the Israel-Iran ceasefire catalyzed a bullish shift in market sentiment, propelling XRP’s price up by 7%. However, this surge has since stalled, with the token entering a range-bound phase characterized by sideways price movement. This combination of technical signals highlights a market in equilibrium, awaiting a catalyst to break the current impasse.

With long-term holders accumulating and market sentiment gradually shifting toward risk assets, XRP is poised to break out of its current consolidation range. A decisive move above the resistance level at $2.21 could open the door to further gains, potentially pushing the price toward $2.29. Conversely, if profit-taking intensifies and XRP fails to maintain support at $2.08, the price could retrace further to the $1.99 level. Maintaining this support is critical for sustaining bullish momentum.

XRP’s current consolidation phase reflects a market in balance, with long-term holders demonstrating resilience through steady accumulation. While short-term price action remains indecisive, a breakout above $2.21 could signal renewed bullish momentum. Traders and investors should closely monitor key support and resistance levels, as these will likely dictate XRP’s trajectory in the coming weeks.