Gemini described the current structure of $XRP as a consolidation phase, not a breakout cycle. The model indicated a range from $1.35 to $1.40 as a critical support zone, and $1.60 as a key breakout level that bulls need to reclaim. Gemini noted that technical indicators, such as RSI, remain neutral around 45, suggesting the market is neither overbought nor oversold. One bullish signal identified by Gemini was a decrease in leverage ratios, which fell from 0.20 to 0.16. According to the model, this reduces the risk of aggressive long-term liquidations that could impact the $XRP price. The AI platform added that the growth of Ripple's stablecoin $RLUSD and its utility on $XRP Ledger could become increasingly important for long-term valuation.