Ripple Price Analysis: XRP’s Bullish Momentum Weakens—Correction Ahead?

Ripple has been facing a prolonged period of low market activity, leading to sideways movement and minimal volatility near the $3.2 level.However, emerging technical signals suggest that a potential correction may be on the horizon.XRP AnalysisBy ShayanThe Daily ChartXRP has steadily climbed toward the $3.2 resistance, a crucial supply zone that has historically posed challenges for buyers. This level is a major obstacle, requiring strong bullish momentum to be reclaimed.Meanwhile, price action has formed an ascending wedge, a pattern often associated with bearish reversals if the lower boundary is breached. Additionally, a bearish divergence between the price and the RSI indicator suggests that bullish momentum is fading, signaling the possibility of a pullback.If XRP fails to sustain its current levels and breaks below the wedge’s lower boundary, a deeper correction toward the $2.5 support zone could materialize in the mid-term.The 4-Hour ChartRipple has been consolidating around the $3.2 mark on the lower timeframe, with an initial rejection triggering long-position liquidations. This development cooled down the futures market, allowing for another push toward the resistance.XRP is attempting to reclaim this level for the second time, with buyers aiming for a breakout toward $4. However, the current bullish momentum appears insufficient, increasing the likelihood of a temporary retracement before another attempt at higher prices.If a pullback occurs, the 0.5-0.618 Fibonacci retracement zone will serve as a critical support area where buyers are expected to step in and defend the price in the mid-term.