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XRP Weekly Update: Testing the Resistance
Looking at the weekly chart, XRP has produced a notable upper wick, signaling rejection at higher levels. The token remains anchored within a horizontal support zone that's proving to be a critical holding area. This consolidation pattern suggests traders are watching this level closely—any breakdown could trigger further selling pressure, while a bounce would reaffirm the support's strength.
The formation hints at potential indecision in the market. Is this the calm before a breakout, or a warning sign? The weekly structure demands attention from XRP holders and active traders monitoring near-term movements.