XRP Holds Steady at $2.66 as Traders Debate Fair Value

While much of the crypto market treads water, XRP continues to hover near $2.66, posting a small weekly uptick of 0.76%. The chart shows the asset settling into a long-term balance zone—the kind of consolidation that often comes before bigger moves.

Chart Analysis: XRP Consolidates Near Key Weekly Support

Many traders, including Crypto Fergani, are questioning whether XRP's current price truly reflects its long-term potential.

The weekly XRP/USDT chart on Binance shows price stabilizing around $2.66 after several weeks of choppy action. Following a dip below $2.00, XRP has bounced back and is now trading in a range between $2.40 and $2.90.

This consolidation phase is crucial. Buyers and sellers are locked in equilibrium after a long correction, and the smaller candle bodies suggest lower volatility—often a sign that accumulation may be happening quietly in the background.

The $2.40 level is holding up as key support, backed by strong buying during previous dips. Meanwhile, the $2.90–$3.00 zone is acting as near-term resistance. A weekly close above $3.00 could open the door to $3.30–$3.50, while a break below $2.40 might drag XRP back toward $2.00.

Market Context: Undervalued or Just Overlooked?

In a recent post, Crypto Fergani asked: "Like if you think $XRP is undervalued." It's a sentiment shared widely in the XRP community—that the market is sleeping on the token's real-world potential. Here's why some traders think XRP deserves a higher price:

• Real-World Adoption: Ripple keeps expanding partnerships with banks and financial institutions, strengthening XRP's role in cross-border payments.
• Regulatory Edge: The legal clarity from Ripple's partial court win in 2023 gives XRP an advantage many other crypto projects don't have.
• Technical Setup: The current consolidation looks a lot like past accumulation patterns that came before major rallies.

That said, broader market headwinds—like U.S. monetary policy and shifting liquidity in crypto—are likely keeping a lid on immediate upside.

XRP's sideways move around $2.66 suggests it's in a reaccumulation phase, with traders waiting for a clear catalyst. The next few weeks could be pivotal. If XRP can push past $2.90 and hold, momentum could quickly build toward the mid-$3 range.

On the flip side, losing $2.40 support could invite another dip before a stronger base forms. Still, long-term holders seem convinced that XRP is undervalued given its ecosystem growth and real-world usage trends.