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XRP’s (CRYPTO: XRP) recent range-bound price action has traders questioning whether a pullback may come before an eventual breakout.
Short Term Uncertainty
In a podcast on Tuesday, analyst Cryptoinsightuk outlined that XRP may see further downside toward $1 before a larger breakout, as traders weigh short-term uncertainty against a bullish long-term setup.
He added that XRP remains in a consolidation phase, with price compressing within a wedge-like structure. This setup leaves room for either an upside breakout or continued drift lower in the near term.
A move toward $1 by June remains possible, he added, as part of ongoing volatility compression. However, such price action often builds…
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