• XRP is also trading at $2.55 that it has dropped by 3.5 percent and languishing between the rough support on $2.51 and resistance on $2.66.
• The chart structure fits an ABC retrapping formation, as it implies that the situation will stabilize following the rise in November.
• The thinning 24-hour spread indicates low volatility, which is indicative of cautious trading in the aftermath of a week-long sharp improvement in gains.

XRP (XRP) willingly dropped during the last session, falling 3.5% to $2.55, with the market participants keeping an eye on the current formation of a range. The present arrangement indicates a definite reaccumulation period, which is similar to a protracted consolidation after the burst in November. 

The structure is correlated with the previous chart behavior of similar assets and suggests a possible stabilization period to make any decisive step. The support level of about $2.51 has also been a major level in capping additional down-side pressure. It is also worth noting that this area has been a great accumulation area following a sharp decline after recent highs. 

This zone has been respected by the price action although it was weak in the short run, and it is important to note that it is applicable because traders are evaluating the short-term sentiment and the concentration of liquidity.

Market Range Defines Short-Term Sentiment

At the top, there is resistance, which stands at $2.66, and this resistance has been a major obstacle that has limited several intraday recoveries. This ceiling was tested on a number of occasions by XRP in the last week but was unable to maintain traction over this ceiling. The seven-day intense climb and the narrow range of trading between the support and resistance demonstrate measured behavior and therefore, a lack of volatility that followed the 24-hour trading.

[ $XRP ]

This one is for the XRP community, where I see some gurus preaching for the end of the cycle.

Bros, it is hard to see this range as anything less than a long reaccumulation after November's surge. In Elliott wave terms: an ABC with a sharp ending in the C wave. Very… pic.twitter.com/5GnnVTid3i

— Osemka (@Osemka8) October 30, 2025

A reaccumulation pattern, which is organized around an ABC wave formation and which has a sharp ending at the C wave, is still being detected by technical observers. The C wave in this context is usually the last stage of corrective action followed by re-stabilization. The trend is similar to past accumulation patterns, such as those already mentioned in long-term gold charts.

Historical Parallels and Market Outlook

This phase resembles prior reaccumulation events, where broader consolidation preceded a more defined directional phase. Nonetheless, short-term focus is concentrated on whether the price can keep its level above the support area of 2.51. Such defense would provide a durable defense of this level, and such defense below might expand consolidation within the existing range.At the same time, maintaining movement within this established channel highlights the market’s measured tone and growing caution. The comparison to gold’s historical accumulation structure underscores how prolonged reaccumulation can accompany renewed market maturity after periods of volatility.