XRP holds $2.10 on test of $2.40 as UK approval and chart setup hint
Crypto writer
Arslan Butt
Crypto writer
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XRP is trading around $2.10 as price action enters tight consolidation territory, up roughly 0.24% in the last 24 hours. With a daily trading volume of nearly $1.12 billion, XRP is the fourth largest crypto asset with a capitalization of nearly $127.5 billion.
On the surface, the movement seems quiet. Underlying, the structure suggests that the market is grinding out gains rather than losing momentum.
Since late December, XRP has continued to post higher lows, holding above the rising trend despite repeated attempts to push lower. This behavior indicates a controlled consolidation, not a trend weakness, especially when the price refuses to break the support zones.
Ripple UK's FCA Approval Strengthens Backdrop
Beyond the chart, regulatory developments are adding context to the current XRP pause. Ripple recently confirmed that it has been registered with the UK's Financial Conduct Authority, which will allow its UK branch to carry out certain activities based on the country's anti-money laundering laws.
While the approval stops short of a full financial services licence, it is an important step as the UK works to integrate digital assets into its regulatory structure.
For markets, this kind of transparency is often necessary to reinforce long-term confidence in the immediate price levels and other consolidating levels.
XRP Price Prediction: Chart structure squeezes above support
From a technical point of view, the XRP price forecast is narrowing. After rallying to the $2.40 region, the pullback took the form of a bullish flag, not a reversal.
The price continues to hold above the $2.04–$2.06 support zone, which closely aligns with the 0.618 Fibonacci retracement, which is typically associated with trend continuation.
The 50-EMA and 100-EMA are flat and have started to rally around $2.10, indicating less volatility. Candlestick behavior reinforces this view, with frequent small candles and long low wicks, suggesting that buyers are taking supply instead of going sideways.
Momentum indicators support patience. The RSI has recovered from oversold territory and is now stabilizing in the mid-50s, suggesting bullish pressure to improve without signs of weakness or bearish divergence.
XRP Breakout at $2.15 resistance
Using TradingView's path forecast, a critical break above $2.15 opens the door to $2.27, and a retest of $2.40 could be possible if momentum picks up. As long as XRP holds above rising trend support, the broader setup favors continuation rather than spread.
When attention is low, markets often move to the next. As regulatory clarity improves and technical pressure quietly builds, XRP's consolidation phase may be laying the groundwork for further expansion.
This type of environment rewards early positioning, especially when passion and engagement start to turn to the front again.
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