Ethereum (ETH) and XRP are consolidating in what technical analysts see as a healthy pullback, building a strong base above critical support levels after testing key resistance earlier in the week. However, despite those early gains, both cryptocurrencies have faced renewed downward pressure. While both cryptocurrencies have pulled back from their recent highs, this price action is marked as a much-needed consolidation phase before the next leg up. The current market structure, characterized by strong defense of key support zones, suggests that bulls are absorbing selling pressure and preparing for the next major breakout attempt. XRP Builds a Base Above $2.20, Eyes Next Breakout XRP’s current price sits at $2.22, representing a 2.65% decline over the past 24 hours. The intraday chart shows a consistent downtrend, characterized by lower highs and lower lows. The token did attempt a few bullish moves early in the session, but each failed to sustain, resulting in sharper declines by the close. Key resistance was established near $2.292, which marked the highest point for the day. A zone between $2.26 and $2.28 also proved difficult to break, as XRP faced multiple rejections. These levels now form a significant short-term ceiling. Source: CoinMarketCap On the downside, XRP is testing immediate support at $2.22. If this level fails, the next likely support lies at $2.20. That level could act as a psychological barrier, as prices tend to react around round numbers. Moreover, a 14.22% drop in 24-hour trading volume shows diminishing buying interest, suggesting that bullish momentum is fading. Related: Divergence in Crypto Sentiment Pits a Bullish XRP Against BTC and ETH Ethereum Defends Key $2,500 Level for Next Move Ethereum also showed signs of weakening after a brief push toward $2,625. It currently trades at $2,537.42, down 2.52% on the day. The chart shows multiple failed attempts to break and hold above $2,600. Each bullish spike was met with a quick rejection, pointing to strong overhead resistance and profit-taking behavior. Source: CoinMarketCap Short-term resistance levels now include $2,575, $2,600, and the day’s high at $2,625. Ethereum has not sustained above any of these, suggesting a lack of conviction among buyers. On the support side, $2,512 remains key, followed by the major psychological level of $2,500. A deeper pullback could push ETH toward the $2,450–$2,475 region based on historical trading patterns. Related: Smart Money is Pouring Into ETH, XRP, HBAR, and SUI Volume has declined nearly 25% over the past 24 hours, reinforcing the bearish sentiment. This suggests that bulls are currently stepping back, giving bears an opportunity to drive prices lower. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.