Ripple $XRP appears to be preparing for a potential bullish phase.
Recent key movements:
A break above the $1.55 level triggered a strong rally toward $3.40.
Price extended higher to $3.66 before pulling back to retest the next major support around $1.10.
This price action suggests a possible sideways consolidation near support levels before a new upward wave begins — provided the structure holds.
Holding support = rebuilding momentum for the next leg up