Ripple (XRP)

Ripple failed to sustain the upward momentum it displayed at the beginning of the week, falling from $3.10 to $2.90. It is currently trading sideways at $2.96. Technical indicators are approaching neutral territory. The RSI is at 50, indicating the potential for an upward breakout. In terms of on-chain activity, there has been no significant increase in large transfers on the network, suggesting that large investors are maintaining a wait-and-see stance. The $3.00 psychological resistance level remains strong. If it closes above this level, the first target is $3.25, followed by $3.50. For downside risks, support levels of $2.88 and $2.75 stand out.