Ripple (XRP) edges higher on Monday, trading between a key support established at $2.83 and resistance at $2.92. This short-term bullish outlook reflects the subtle recovery in the broader cryptocurrency market, which has been mirrored by Bitcoin (BTC) and Ethereum (ETH) since Friday.
Ripple (XRP) remains range-bound, fluctuating between the demand zone at $2.77 and the supply area at $3.00 on Thursday. An attempt to breach the resistance lost momentum on Wednesday, leaving XRP vulnerable to retail and institutional selling, as well as low on-chain activity.
Ripple (XRP) remains subdued as the bears extend control below the $3.00 pivotal level on Friday. The international money remittance token exchanges hands above the $2.80 round-number support, down over 4% at the time of writing.