Ripple : Key Price Levels to Watch for XRP Investors
Amid legal uncertainties, is Ripple's XRP gearing up for a comeback? Analysts dissect technical signals and the token's potential for the upcoming weeks.
Is Ripple (XRP) Preparing for a Comeback After the Lawsuit ?
Despite Ripple’s XRP downward trend since its 2017 peak, analysts suggest that the token is showing promising signs in 2025. The XRP’s market dominance seems to be breaking its long-term downward trend, indicating a potential bullish reversal similar to its 2017 rally.
According to analyst Josh from Crypto World, the 3-day chart of XRP still shows a bearish divergence, suggesting that a significant bullish movement is unlikely in the short term. However, the XRP price has experienced sideways action in recent months, with occasional small increases that have not led to major rallies.
Currently, XRP has a strong support between $2.24 and $2.30, with additional support between $1.95 and $2.05. On the resistance side, there is a significant level just above $2.60, with stronger resistance between $2.65 and $2.80, and another key level around $3.
Sideways Trend Expected in the Short Term
Currently, the XRP price is mainly moving sideways, fluctuating between support and resistance levels. This consolidation trend has been ongoing for the past month, resulting in a relatively slow price movement without major spikes. Although price action may seem dull, there are still profit opportunities if the right strategies are applied.
Additionally, some analysts have mentioned a distribution phase by XRP whales, indicating significant profit-taking leading to this sideways movement.
However, trader Deftsuo believes it’s more of an accumulation phase than distribution. He suggests that XRP could soon reach $5:
“In this context, accumulation seems more likely than distribution. If it were distribution, the price would likely have dropped in parallel with BTC earlier this month, but that was not the case.”
XRP holders should closely monitor its market dominance as it could provide a clearer picture of the token’s future direction. With analysts predicting continued growth in the cryptocurrency market, XRP could emerge as a leading asset in the coming months.
Charles Ledoux
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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This article is for informational purposes only and should not be considered as investment advice. Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
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