XRP Forms Fractal Pattern as Price Retraces to Short-Term Support Level

Fractal Pattern Indication: XRP is exhibiting a fractal pattern similar to past cycles, suggesting a potential new expansion phase following a period of consolidation.

Price Movement and Volume Decline: XRP's price has slipped to around $2.05, with a 2.09% decrease in the last 24 hours, accompanied by a significant drop in trading volume, indicating reduced market activity.

Exchange Supply and Price Correlation: A recent analysis shows that XRP's price and exchange supply reached a shared low, signaling decreased selling pressure and a possible setup for a modest recovery.

Market Behavior and Technical Analysis: Despite short-term price softness, broader technical formations suggest that XRP is in a corrective phase, with ongoing structural movements hinting at a cyclical shift in the market.