XRP has been a standout performer in recent weeks, highlighted by a 283% surge following Donald Trump’s U.S. presidential election win on November 5. This rally led to XRP achieving its highest monthly close in seven years. On December 5, the token reached a peak of $2.90 before consolidating around $2 amid a broader market correction.
Consolidation: A Temporary Phase?

Market commentator Oscar Ramos believes XRP’s current consolidation is a temporary phase, presenting an opportunity for accumulation. Ramos noted that subdued holiday trading activity allows buyers to acquire XRP at lower levels before a potential breakout. He suggested that XRP holders need just one major catalyst to ignite the token’s next upward move.