XRP Price Volatility Hints at Imminent Breakout Near $2.10 Support

XRP is showing signs of a potential breakout as it navigates heightened volatility and tests key support levels. The token recently surged from $2.00 to $2.24 between April 12 and 13, marking an 11.7% price increase driven by intense buying pressure. During the breakout hour, trading volume soared past 240 million, underscoring strong bullish interest.

However, after peaking at $2.24, XRP encountered heavy resistance in the $2.18 to $2.24 range. The price has since corrected, finding support around $2.08 to $2.10. As of now, XRP is consolidating near $2.09, forming a bearish reversal pattern with decreasing momentum.

A closer look at the 48-hour Fibonacci retracement reveals that the asset has retraced to the 61.8% level—a critical zone that often signals potential stabilization. Despite this, declining volumes and the inability to sustain levels above $2.15 suggest growing uncertainty among bulls.

The narrowing price range, combined with weakening momentum, indicates XRP may be coiling for a significant move. If the $2.08 support holds, a renewed rally toward the $2.18-$2.24 resistance zone could follow. Conversely, a breakdown below $2.08 could trigger further downside.

Traders should watch for a decisive move outside the current consolidation zone, as it may confirm the next trend direction. With volatility rising and technical indicators mixed, XRP remains a coin to watch closely in the coming sessions.