Ripple Price Analysis: XRP consolidates around $1.10, ready for further upside?

TL;DR Breakdown Ripple price analysis is bullish for today.XRP/USD consolidates around $1.10 today.XRP is ready to reclaim $1.20 next. Ripple price analysis is bullish for today as the market has established a base to rally further over the last 24 hours. Therefore, we expect XRP/USD to breach the $1.20 next and set further higher lows from there. Cryptocurrency heat map. Source: Coin360 The overall market trades with a bullish momentum over the last 24 hours. The market leaders, Bitcoin and Ethereum, are up by 2.56 and 4.07 percent, respectively. Meanwhile, Solana (SOL) is the best performer, with a gain of 31 percent. Ripple price movement in the last 24 hours: Ripple consolidated around $1.10 XRP/USD traded in a range of $0.8046 – $1.14, indicating substantial volatility over the last 24 hours. Trading volume has decreased by 53.09 percent and totals $5.74 billion, while the total market cap trades around $52.34 billion, ranking the coin in 7th place overall. XRP/USD 4-hour chart: XRP ready for further upside? On the 4-hour chart, the Ripple price action starts to gather momentum for another push higher after a consolidation today. XRP/USD 4-hour chart. Source: TradingView Ripple price action has traded with a strong bullish momentum over the past week. However, after reaching the $1.40 mark, a sharp decline was seen on Tuesday. XRP/USD declined to $0.94, resulting in a drop of 33 percent. From there, Ripple reco...