Ripple Price Analysis: XRP slowly consolidates below $1.30, set to retrace today?

TL;DR Breakdown Ripple price analysis indicates bearish momentum to follow today.XRP/USD consolidates below $1.30 resistance.XRP is likely to retrace to $1.10 support. Ripple price analysis is bearish for today as the market could not reach further heights overnight and consolidated below $1.30 resistance. Therefore, we expect XRP/USD to retrace today and retest the $1.10 previous resistance as support next. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded in the green over the last 24 hours. Bitcoin is up by 2.44 percent, while Ethereum by 3.35 percent. Solana (SOL) is currently among the best performers, with a gain of  36 percent. Ripple price movement in the last 24 hours: Ripple consolidates below $1.30 XRP/USD traded in a range of $1.24 – $1.33, indicting mild volatility over the last 24 hours. Trading volume has decreased by 39.58 percent, while the total market capitalization trades around $59.27 percent. XRP/USD 4-hour chart: XRP is ready to retest $1.10 On the 4-hour chart, we can see the Ripple price consolidating in preparation for a retracement later this week. XRP/USD 4-hour chart. Source: TradingView Ripple price action has seen substantial gain over the past weeks. After a slightly higher low was set around $0.52, XRP/USD rallied by more than 150 percent to the current high of around $1.35. The previous swing high, around $1.10, was broken last week, indicating a bullish...