Since retesting its psychological support at $2 on Dec. 20, XRP has consolidated between $2.40 and $2.13 over the past week. An analyst noted that for XRP to maintain bullish momentum, it must close above $2.30. Currently, a buy wall exists between $2.20 and $2.23, and failing to hold this range may lead to further price declines. Despite better strength on platforms like Kraken and Bitfinex compared to other cryptocurrencies, the trader Dom warned that XRP is not yet stable, emphasizing the need for acceptance back into the $2.30s. Additionally, XRP's futures market has seen a significant drop in open interest, falling from $4.23 billion to $1.95 billion, indicating reduced liquidity and potential volatility. The price chart reveals a symmetrical triangle formation, suggesting that a movement above $2.30 could see a rise towards $2.95, while a drop below $2.20 could see declines towards $1.85. Thus, XRP's current price behavior indicates critical volatility ahead.

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