XRP has spent over six months trading within a tight price range, frustrating both bulls and bears. Yet, according to leading market analysts, this prolonged consolidation may be setting the stage for a powerful breakout.
Despite favourable developments around Ripple, XRP continues to fluctuate between key support and resistance levels. Analysts now suggest that the longer the consolidation, the stronger the eventual price surge could be, offering hope to patient investors.
XRP Holds Steady in a Sideways Pattern
Crypto analyst Sjuu recently highlighted that XRP has been consolidating between $2.00 and $2.60 for nearly 190 days. This extended sideways movement followed a significant rally that pushed XRP to a local high of $3.40 in January.
Since then, the asset has failed to break above resistance levels, despite Ripple announcing new partnerships and regulatory clarity improving. Many holders expected bullish momentum to resume, but the market instead delivered continued indecision.
On the 12-hour XRP/USDT chart, Sjuu pointed to a recent bounce from the $2.10 support level, suggesting that buyers are still defending lower zones. However, resistance near $2.60 and $2.90 has repeatedly rejected upward attempts.
At the time of writing, XRP trades at $2.18, reflecting a slight decline from recent highs near $2.28. It dipped to $2.08 on May 31, but quickly recovered—an indication that support remains intact.
“The Longer the Consolidation, the Bigger the Breakout”
Despite the stagnant price action, Sjuu remains confident. The analyst emphasised that extended periods of consolidation often precede large-scale breakouts. He reminded the community of XRP’s 6X surge between November 2024 and January 2025, which came after seven years of sideways movement.
Now that XRP is once again in a passive phase, Sjuu believes that investors should prepare for a potential explosive rally rather than lose hope.
Key Resistance and Support Levels to Monitor
Fellow analyst EGRAG added to the discussion by identifying $2.30 as a critical short-term resistance level. If XRP closes above this price and reclaims the 21-day EMA, it could signal a breakout.
Such a move would validate a double bottom pattern, setting the stage for further gains toward $2.50, $2.65, and potentially $3.00. According to EGRAG, XRP would need to gain only 7% from current levels to break that barrier—an achievable target under the right market conditions.
However, EGRAG also warned that $2.07 remains a crucial support level. A breakdown below that point could invalidate the bullish setup, so traders should closely watch for signs of strength or weakness in the coming days.
Analysts See Long-Term Potential for XRP
Beyond short-term resistance levels, analysts are also presenting longer-term projections. EGRAG believes that XRP is preparing for a 1,200% rally to $25, citing the Elliott Wave structure as his main rationale.
According to this wave theory, XRP has completed its corrective Phase 2—which took the asset from $3.40 to a low of $1.60—and may now be entering the bullish Wave 3 phase, typically the strongest in the cycle.
Adding to the bullish outlook, analyst XForceGlobal suggested that XRP could eventually climb to $40, while calling $10 a conservative target. He also based his analysis on Elliott Wave principles, reinforcing the belief that XRP’s next major move could shock the market.
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XRP’s current price action may seem dull, but analysts argue that patience could soon be rewarded. With over six months of consolidation, strong support near $2.10, and repeated rejection at key resistance zones, the market appears to be coiling for a major shift.
If history repeats and XRP follows previous breakout patterns, the next move could be dramatic. As analysts continue to point toward breakout signals and long-term bullish structures, XRP holders may finally get the surge they’ve been waiting for.
