Despite the volatility rocking the cryptocurrency market, XRP continues to maintain its stability at $2.15, achieving a 13% rise over the week, maintaining its position among the top three in the digital asset market, despite mixed technical signals regarding its future direction.


Short-term movements in the XRP price indicate a consolidation phase, reflecting a state of anticipation and uncertainty among traders. Click here for advertising services or press releases for the crypto project.


According to data from Coinglass, trading volume declined by 12% to $3.4 billion, after previously exceeding $4 billion. Open interest decreased by more than 5% to settle at 1.45 billion XRP, equivalent to approximately $3 billion in value. However, the price was not negatively affected despite this decline in activity.


On the weekly timeframe, however, the picture looks brighter. XRP's price has risen 13% compared to other major cryptocurrencies, reflecting renewed investor optimism.


According to a recent report by CoinShares on digital assets, Ripple (XRP) was the only altcoin to experience positive investment inflows. Both Bitcoin and Ethereum experienced outflows.


This reflects growing institutional confidence in XRP's future, in contrast to the selling pressure prevailing in the rest of the market.


Regarding corporate performance, Ripple Labs' moves are expected to impact the currency's performance going forward. The company announced its acquisition of Hidden Road, a major brokerage firm, marking its first foray into traditional financial markets.


Both XRP and the stablecoin RLUSD are expected to play a role in this initiative, potentially boosting XRP's usage and value if Ripple successfully implements its institutional strategy.


Given this scenario, Ripple's future XRP movements appear to be contingent on global market developments on the one hand, and Ripple's growth as a company on the other. While immediate movements remain mixed, institutional expansion and the return of financial interest could be the primary drivers of an anticipated rally.


Currently, the price is trading around $2.08, having recently rebounded from a strong support zone between $1.91 and $1.98, which intersects with the 200-day simple moving average and the 50% Fibonacci retracement level.


If the price succeeds in holding this zone and entering a new upward wave, the first resistance will be at $2.27 (38.2% Fibonacci retracement), followed by a pivotal resistance zone at $2.68 and then $2.90.


If the price fails to hold above $1.98, the next support is at $1.5950, which represents the 61.8% Fibonacci retracement level.


Technically, as long as the price remains within the descending channel, the overall outlook remains neutral to negative in the short term, unless there is a clear break above the upper boundary of the channel and stability above $2.27, which could shift the trend to a medium-term upside move.