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.
