- XRP’s price has shown cyclical surges to $3.20 (2017) and $2.80 (2024), followed by sharp corrections, suggesting persistent volatility.
- XRP’s long-term bullish triangle pattern shows strength, with $3.20 as key resistance and $1.90-$1.50 acting as crucial support zones.
- Short-term consolidation near $2.12 suggests a potential move. A break above $2.24 could rally XRP, while failure may test $1.90 support.
XRP’s price continues to experience patterns of sharp rallies and substantial corrections. According to Income Sharks, XRP has shown a repetitive behavior, characterized by parabolic gains lasting weeks, followed by sharp retracements.
The analyst shows historical cycles, including the all-time high of $3.20 in 2017-2018, followed by a rapid fall below $0.30. XRP reached $2.80 in 2024-2025 before retreating to $2.02, indicating a consistent pattern of surges and corrections. Analyst Andrew Griffiths also notes XRP’s ongoing bullish triangle on a monthly timeframe, despite resistance near $3.20.
Historical Trends Show Persistent Volatility
Three notable upward spikes have defined XRP’s historical surges. In 2017-2018, XRP surged to $3.20 but dropped sharply to under $0.30 within months. A similar rally in 2020-2021 saw prices nearing $1.90, followed by a decline below $0.60.
The 2024-2025 rally pushed XRP to $2.80, which has since corrected to $2.02. Resistance levels include $3.20, the historical peak, and the $2.80-$2.90 zone, indicating the 2024 high. Support zones, around $1.90 and $1.50, provide crucial buying interest during corrections.
Volume spikes during rallies indicate speculative activity, often influenced by market news and influential movements. Sharp downward movements indicate profit-taking and diminished confidence, maintaining XRP’s reputation for volatility.
Short-Term Movements Show Consolidation
On a four-hour timeframe, XRP shows narrowing volatility using Bollinger Bands. Immediate resistance is near $2.24, while support zones include $2.00 and $1.90. XRP trades near the 20-period simple moving average at $2.12, a dynamic level that could influence direction.
The RSI remains at 44.09, showing weak momentum, with a slight recovery suggesting modest buying interest. If XRP maintains support above $2.00, a bullish move toward $2.24 or higher is possible.
However, failure to hold this level could lead to deeper declines, testing $1.90 or lower. Volume remains subdued, suggesting the market is waiting for a clear confirmation of XRP’s next move.
Long-Term Structure Shows Strength
According to Andrew Griffiths, XRP’s ascending support trendline shows long-term bullish sentiment, connecting higher lows over time. A breakout above $1.50-$2.00 supports the bullish momentum, though a retest of this zone may occur.
Resistance at $3.20 remains a psychological barrier, while support levels near $1.50 and $0.60 provide crucial rebounds.This pattern shows XRP’s cyclical behavior, where accumulation during corrections builds strength for potential rallies.
Price validation near $2.00 and sustained momentum could lead to testing higher levels, particularly near $3.20.
