XRP Consolidation and SatLayer’s Role in Expanding Bitcoin’s Reach

[Zeekiel]

XRP is currently consolidating around the $2.64 support, and the chart shows a buildup of liquidity at this level. With technical confluence from the 0.618 Fibonacci retracement and moving average, this zone looks significant. If buyers defend it, we could see a bullish reaction that may serve as the base for the next leg upward.

The key level to watch remains the dynamic resistance above. A clean breakout from there could trigger a rally toward $3.65, and potentially even open the door to new highs. For traders, this type of consolidation around strong support zones often determines whether momentum can be sustained or if a breakdown is on the horizon.

On another note, SatLayer ($SLAY) is quietly working to boost Bitcoin’s utility by introducing “restaking.” This allows Bitcoin to secure dApps with additional safeguards like Bitcoin-validated services and slashing. At the moment, $SLAY trades around $0.03 on BingX, carrying a market cap of roughly $12.7M. It’s an interesting model that blends Bitcoin security with scalable applications.

What do you think could XRP hold this key support and rally higher, while projects like SatLayer expand Bitcoin’s role in the broader ecosystem?