XRP Holds Above $2 for Three Months Amid Positive Developments
2min read XRP has maintained a price above $2 for nearly three months, demonstrating an unusual level of stability compared to previous market cycles. Currently trading around $2.44, the cryptocurrency has held this base despite facing resistance between $2.6 and $2.8. This stability comes amidst several positive developments, including progress on XRP ETFs, its inclusion in a U.S. strategic stockpile, and the SEC’s decision to drop its appeal against Ripple.
Market analyst Dom notes that XRP’s current behavior differs significantly from past cycles. Historically, XRP has seen sharp rallies followed by immediate crashes without establishing stable price ranges at peak levels. For instance, in December 2013, XRP rose to $0.0614 only to crash to $0.0028 a month later. Similar patterns occurred in December 2014 and January 2018. The recent extended period of trading above $2 suggests that market participants are reaching a consensus on XRP’s value. According to Dom, the longer the price spends at a level, the more it reflects market participants' agreement on that price. This prolonged stability contrasts with true cycle tops, which typically form quickly without giving traders much opportunity to exit at high levels. The steady volume at current prices further suggests continued market participation.
Technical analysis from EGRAG Crypto identifies an ascending triangle pattern on XRP’s weekly chart. This pattern features a flat upper trendline at around the $2 psychological level and an upward-slanting lower trendline showing higher lows. XRP has been testing this resistance for nearly seven years. The asset attempted to breach this level in April 2021 but hit resistance at $1.96. More recently, in late 2024, XRP surpassed the $2 mark, breaking through the upper trendline. EGRAG’s analysis suggests that the recent pullback from January 2025’s high of $3.4 represents an attempt to retest the triangle breakout. Once this retest is complete and XRP maintains a position above $2, an explosive rally could follow.
The analyst has presented multiple price targets for this potential breakout. The conservative target sits at $15, representing a 514% increase from current levels. A normal measurement of the breakout puts the next target at $22. EGRAG’s personal target has been $27, which he predicted last December following what he calls a Break of structure. In his most ambitious projection, he suggests an “extended target” of $44, which would represent a massive 1,703% increase from current prices. Despite these ambitious targets, EGRAG advises investors to take profits along the way. He suggests beginning to take profits when XRP reaches $5 and continuing until the $9 mark.
Another analyst, Crypto Patel, highlights a bullish structure shift after XRP swept sell-side liquidity. Patel identified $2.2220 as a strong bullish order block, making it a key entry point for long positions. With XRP reclaiming key levels, traders are now targeting $2.9990 and $3.4000 as potential upside zones. Breaking above these resistance levels could trigger the next major pump. The inclusion of XRP in the U.S. Digital Asset Reserve has been a major boost to market sentiment. This development signals growing institutional acceptance and reinforces XRP’s position as a key player in the broader financial ecosystem.
With regulatory hurdles clearing following the resolution of the SEC vs. Ripple case, attention is turning toward new industry catalysts. These include potential ETF developments, stablecoin expansion, and increased blockchain adoption. Bitcoin’s recent breakout has injected fresh energy into the crypto market, driving bullish sentiment across major assets. Historically, strong BTC rallies often lead to capital rotation into altcoins, and XRP appears well-positioned to benefit from this trend. Technical indicators suggest that XRP is building up liquidity above $2.60, a crucial level that could trigger the next significant move upward. A breakout above this resistance could open the door for a larger price surge, especially as market momentum aligns with bullish macro trends.
With regulatory clarity, increasing institutional adoption, and a strong technical setup, XRP appears primed for further gains. The key question now is whether the asset will break past established resistance levels and confirm its next bullish leg. As liquidity continues to stack up and the market reaches equilibrium, traders are closely watching for signs of a breakout from XRP’s current trading range.
Ask Aime: What factors contribute to XRP's recent price stability, and what are the potential implications for its future performance?
