• XRP is currently at $3.04 and it gained 6.0% per week, and is backed by high demand around $2.98.
• The resistance stays at $3.07 and the last few tests indicate that the price activity is tightening inside the tight range of the consolidation.
• At 0.00002644 BTC, XRP also rose by 0.7% in comparison with the Bitcoin, which demonstrates power under the general market conditions.

XRP showed sustained positive momentum throughout the week as the price rose to $3.04 after a 6.0% rise in 7 days. The token is currently consolidating in a tight range and seems to be constricting closer to resistance levels. Statistics reveal a 24-hour range of trading between support at $2.98 and resistance at $3.07, with the price movement towards the upper end. 

Also, XRP gained 0.7% versus Bitcoin at 0.00002644 BTC, demonstrating strength in paired trading. Market charts demonstrate a forming structure around crossing trendlines, indicating a potential test of the next higher levels of the upside.

Trading Range and Support Levels

The immediate trading structure indicates a lot of support around $2.98 which has been a source of stability during the recent pullbacks. It is important to note that the token has consistently been defending this price zone, which strengthens it as a base in the short-run. At the same time, trading activity has kept the asset confined within the $3.07 resistance ceiling, narrowing the range further. 

This ongoing consolidation reflects the market’s preparation for directional movement once pressure resolves. Importantly, price strength near support underlines the steady positioning before any break attempts above resistance.

Price Action Over the Past Week

During the past seven days, XRP advanced by 6.0%, maintaining an upward trajectory despite resistance holding firm at $3.07. This steady increase highlights continuous accumulation around the $3 level, even as broader conditions limited larger price swings. 

The chart also shows repeated attempts to edge higher, though each advance stalled near resistance. However, the narrowing pattern suggests momentum is building as the market tests the same level multiple times. This development keeps attention fixed on whether buyers can generate sufficient volume to push through.

Resistance Test and Market Structure

The current focus lies at $3.07, a level that defines the immediate resistance line. Any movement beyond this point would represent a clear departure from the tight range of the last sessions. Meanwhile, the converging chart structure indicates compression, with lower highs meeting steady support around $2.98. 

This setup often precedes volatility, particularly as momentum strengthens near the resistance boundary. For now, XRP trades at $3.04, positioned directly between its key levels, awaiting confirmation of the next decisive shift.