Ripple price analysis (Neutral) — 2.99 USDT (-1.50% 24h)

XRP is showing consolidation around the $2.99 level with a modest 1.5% decline over the past 24 hours. The current price sits almost perfectly between the 20-day SMA ($2.982) and 50-day SMA ($2.988), indicating a critical inflection point. RSI at 50.57 reflects perfectly balanced momentum between buyers and sellers, while volatility remains moderate at 2.56%. The substantial $296 million trading volume suggests institutional interest remains strong despite the slight pullback. Traders should watch for a decisive break above $3.02 resistance or below $2.95 support for directional clarity. Given the tight range between moving averages, consider scaling into positions on dips toward $2.96 with stops below $2.90. The current setup favors range-bound strategies until either bulls or bulls establish clear control. Options traders might explore straddle positions to capitalize on the impending volatility breakout.