Over the past week, XRP has seen an increase of around 8%. A new XRP ETF was recently launched in Brazil, adding to the positive momentum in the market. Despite this, XRP is currently trading in a narrow range, with specific resistance and support levels influencing its short-term prospects.

Recent indicators, such as the rebound in the Relative Strength Index (RSI) and a somewhat bullish Ichimoku Cloud formation, suggest a cautious optimism among investors.

The RSI for XRP has risen to 58.36 from 47.34, though it is still below the peak of 77.7 reached earlier. This indicates a recovery from previous lows but suggests that XRP hasn't fully regained its earlier strength, reflecting a more restrained market sentiment.

The Ichimoku Cloud for XRP displays a bullish setup, with the price slightly above the cloud. The Tenkan-sen and Kijun-sen lines are close to the current price, indicating a market with a slight bullish bias but lacking strong momentum.

XRP is currently moving within a narrow range, with a resistance at $2.30 and a support at $2.11. Failure to hold the support could lead to a decline towards $2.04, and possibly further down to $1.96. On the other hand, if XRP breaks above the resistance at $2.30 with significant bullish momentum, the next targets would be $2.50, $2.59, and potentially $2.64 if buyers maintain control.