Image by WorldSpectrum from Pixabay  

XRP has been holding steady above the $2 mark for nearly three months. This price stability represents a departure from previous market cycles, where rapid spikes were typically followed by immediate declines.

Market analyst Dom points to this extended period of stability as a bullish indicator. He notes that “the longer price spends time at a level, it’s always just reflective of how much market participants agree on that price.”

$XRP

There's one reason I will be pretty surprised if $XRP does not go higher this year, read along -

Every time $XRP has historically put in a multi month or year top, it did it quickly (as shown below)

Essentially, it never showed any mid term acceptance at those higher… pic.twitter.com/RahjM2xHwz

— Dom (@traderview2) March 24, 2025

In past cycles, XRP displayed a pattern of swift surges followed by dramatic pullbacks. In December 2013, the price climbed to $0.0614 before falling to $0.00281.

A similar movement occurred in December 2014, with XRP rising to $0.02803 before quickly dropping. The pattern repeated in January 2018, when XRP reached $3.80 prior to a major decline.

More recently, XRP hit $1.96 in April 2021 and $0.95 in July 2023. Both peaks were followed by swift reversals, suggesting these price points lacked market consensus.

XRP Price on CoinGecko

The current situation differs markedly. Despite repeated rejections at the $2.60 to $2.80 resistance range, XRP has not collapsed as it did in previous cycles.

Instead, buyers continue to absorb selling pressure, keeping prices near $2.43. This persistent support increases the likelihood of an eventual breakout, according to Dom.

Trading volume trends support this analysis. Past XRP cycles saw high volume during price spikes, followed by rapid drop-offs as selling pressure increased.

This time, volume remains steady, indicating traders are still engaged at current price levels. If XRP were forming another cycle top, volume would likely have faded by now.

The 3-day chart still shows a bearish trend, with XRP facing short-term resistance around $2.50 and $2.56. If these levels are broken, further resistance exists between $2.65 and $2.80.

On shorter timeframes, XRP is experiencing a pullback that could test support levels between $2.24 and $2.30. If prices break below this area, the next support zone would be between $1.95 and $2.05.

Fibonacci time analysis suggests important dates approaching. March 30 marks the 0.618 Fibonacci time extension, which could signal the end of the current consolidation period.

April 8 aligns with a major time extension that might trigger a test of the all-time high of $3.80. Further out, April 25 represents the 1.0 Fibonacci time extension, potentially marking a macro top for this wave cycle.

Some analysts offer even more optimistic projections. The 1.618 Fibonacci level intersects with a target of $16.50, while mirroring previous bull runs could potentially push XRP into triple digits.

Cryptocurrency fund manager Bitwise has outlined several long-term scenarios for XRP. In their most optimistic forecast, XRP could reach $29.32 by 2030 if it captures a large share of the payments and tokenization markets.

This would push XRP’s market cap to $2.9 trillion, exceeding Microsoft’s current valuation. In a more moderate “bull” scenario, XRP could reach $12.70 by 2030 with steady growth.

However, Bitwise also presents a bearish case. If XRP struggles to gain traction and institutional support fades, its price could drop to just $0.13 in the worst-case scenario.

XRP’s price movements occur as Ripple approaches resolution of its long-running legal battle with the SEC. Ripple has agreed to withdraw its cross-appeal in the case.

The settlement reduces Ripple’s fine from $125 million to $50 million. Additionally, the SEC has agreed to request the removal of restrictions on institutional XRP sales.

As XRP maintains its current price levels and legal uncertainties clear up, market participants are watching closely to see if the cryptocurrency can break above the $2.80 resistance in the coming weeks.

More By This Author:

XRP Price Prediction: Ripple Price Spikes Following Rumors Of Bank Adoption
Dogecoin Price Prediction & Analysis: Will Breaking $0.19 Trigger The Next 100% Rally?
XRP Price Prediction: Have Investors Found The Next XRP? Some Analysts Are Projecting 13,000% Gains