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Is a New XRP Price Rise Coming? Analysts Say This Cycle is Unique
XRP investors are eyeing an important price level this week as Bitcoin has attempted to reclaim the level above $100,000 and Ethereum is above $2,300. XRP has also recorded a modest increase but is still fluctuating at the lower end of the $2 price range. According to the chart of a market observer named "Guy on the Earth," XRP has held above the continuously horizontal trendline at $2. Historical Price Rollercoaster Back in March 2017, the price of XRP skyrocketed, rising from $0.0055 to a peak of $3.80. After reaching an all-time high in January 2018, the price fell sharply. XRP initially broke the $2 mark on December 30, 2017. By January 13, 2018—two weeks later—the price fell below that level once again. That initial test showed that the $2 level was more of a resistance level than a support level for new buyers. Failure after acceleration XRP attempted to break through that level once again in April 2021. It peaked at $1.96 but could not go any further. From January 2018 to December 2024, the $2 mark served as a ceiling. Traders have been tracking its limited price action for nearly seven years. Each time XRP hit that wall, it fell back to the $1 zone.
According to reports, XRP finally broke through the $2 trend line in December 2024, when the broader market jumped into a bullish wave. Since then, this coin has maintained above this line for nearly five months. This is the first time in XRP's history. Although its recovery has not been as fast as Bitcoin or Ethereum, holding this level longer than ever feels different.
Analyst predictions and warnings According to "Guy on the Earth", maintaining above $2 will pave the way for higher prices. Previously, he predicted a rise to $3.30, which has occurred. His next target is $5.30, where he advises traders to take profits. He said that "this time will be different" for altcoins. Broader risks and prospects This price trend is only half the story. Ripple's legal battle against the SEC and regulatory updates regarding cryptocurrencies will address the issue. On-chain metrics such as active accounts or large transfers will provide some insight behind that $2 hold. Traders should pay attention to spikes in daily trading volume around this level. If XRP drops below $1.80 on the daily chart, some analysts will declare this setup invalid. However, currently, many view this extension level above $2 as a signal that XRP's next move could be better than its previous action.