Peter Smith
XRP (Ripple) finds itself at a crossroads after an eventful period of price action. The digital asset surged impressively earlier this year before hitting a wall near $3.60, leading to a cooling-off period that has traders watching closely. Now hovering around $2.75, the question on everyone's mind is whether XRP will break higher or settle into extended consolidation.
Current Price Outlook and Analysis
Famous trader recently spotlighted XRP's current structure, pointing out how the token's ability to hold above $2.65 demonstrates underlying strength.
Her analysis suggests the $2.65–$2.35 corridor has become a reliable foundation, preventing deeper selloffs. She believes breaking back above $3.00 would be the catalyst needed to propel XRP toward the $3.80 region and potentially higher.
The technical setup shows XRP's journey from a breakout above $2.35 to the $3.60 peak, followed by the current consolidation phase. This pattern often precedes either a continuation rally or an extended sideways period.
The Critical $2.65–$2.35 Support Foundation
This support zone carries significant weight for XRP's future direction. Previously acting as a major cycle low, this area consistently attracts buyers when tested. Maintaining these levels keeps the broader uptrend narrative alive and suggests accumulation may be occurring.
Should XRP slip below this foundation, bulls would face a more challenging environment, potentially leading to prolonged sideways action before any meaningful recovery attempt.
What's Next for XRP Price Action?
The path forward appears to hinge on XRP's ability to reclaim psychological resistance at $3.00. Success here would likely trigger renewed buying interest, opening the door to targets around $3.80 and beyond.
Alternatively, continued range-bound trading between current levels and the support zone could persist as the market digests recent gains. The least favorable outcome would see XRP lose its $2.35 anchor, which might delay any significant upward movement for an extended period.
Peter Smith
