XRP has recently regained its bullish market structure, demonstrating a shift in momentum. Over the last 48 hours, XRP’s price surged past critical resistance zones, particularly the $2.5-$2.7 range. This breakout signals a possible continuation of the bullish trend, suggesting that the altcoin could be on track for further growth. However, despite this optimistic outlook, technical indicators reveal potential short-term consolidation, as seen on the 4-hour chart, where a bearish divergence between the price and the Relative Strength Index (RSI) is evident.

After experiencing a short-term dip earlier in February, XRP displayed remarkable resilience, and the price quickly rebounded. This recovery took place following a retest of the 78.6% Fibonacci retracement level, which typically acts as a strong support region. Historically, assets that recover from these levels tend to move toward the 23.6% and 61.8% Fibonacci extension levels, making the $3.73 and $4.26 price targets plausible over the longer term.

The On-Balance Volume (OBV) indicator, which tracks the volume of buy and sell orders, has shown an upward trend during the recent recovery. Despite the price pullback in early February, the OBV remained largely unaffected, signifying that selling pressure was low, and that buyers continued to dominate the market. This is a positive signal for XRP, as it shows a steady stream of demand for the altcoin despite any price corrections.

Looking at the price structure, XRP’s short-term consolidation appears likely. The 4-hour chart highlights a bearish divergence between the price and RSI, signaling that the coin may need to consolidate around the $2.7 region over the next few days. This consolidation phase is not expected to lead to significant pullbacks but rather a period of sideways trading before the next upward move. As XRP’s price has already broken through several short-term resistance levels, it is unlikely to dip below the fair value gap between $2.6 and $2.68.

From a liquidity perspective, the market shows that the $2.86 zone is a critical target. The liquidation heatmap indicates a concentration of liquidations in this region, which could attract the price toward this level in the near future. If XRP surpasses this zone, it could see a quick move to higher resistance levels between $3.37 and $3.43, as there is substantial liquidity in this area. These levels are crucial since the price action tends to gravitate toward areas with higher liquidity, which could set the stage for a potential rally toward the $4.26 target.

The broader market conditions also play a role in XRP’s future movement. While the overall market sentiment remains cautious, with Bitcoin (BTC) still struggling to break above the $100k mark, XRP’s price action has been largely independent. Its bullish structure on the daily chart, coupled with low selling pressure and high buying volume, indicates that XRP could continue to push higher even in a less-than-ideal market environment. This independence gives confidence to XRP holders and investors, as it shows the altcoin’s ability to perform well despite market fluctuations.

In conclusion, XRP’s current technical setup suggests that the altcoin has significant upside potential, with the possibility of reaching new all-time highs. The combination of strong support at key levels, bullish momentum on the daily chart, and favorable liquidity pockets makes XRP a prime candidate for further price appreciation. While consolidation around $2.7 is expected in the short term, the altcoin could experience a substantial rally in the next few weeks, pushing its price closer to the $4.26 target, potentially marking a new ATH.