The analysis focuses on XRP's current consolidation against a point of control area around $3.00-$3.02. The presenter indicates a compression, increasing the likelihood of a breakout. Volume and RSI are dropping, but leverage is increasing, signaling risk appetite. The analysis suggests being cautious due to CPI and inflation rate data expected at 12:30 UTC, causing volatility. There are imbalances to the downside around $2.92, $2.90 and $2.89 and possible support at $2.84 if bad news occur. General expectation is to move up to $3.11-$3.12 levels which would require a pull back to $2.90-2.92 to find support first. The analysis uses XRPBTC chart and mentions XRP holding crucial support against BTC.