XRP (XRP) has fallen almost 40% to around $ 2.19, two months after reaching a maximum of several years of $ 3.40. The cryptocurrency is tracking a wider market promoted by President Donald Trump’s commercial war despite the bullish news such as SEC that leaves his case against Ripple.
XRP/USD daily price graph. Source: TrainingView
However, XRP has still increased by 350% since its minimum of November 2024 of $ 0.50, which suggests a consolidation phase after a strong rally. This lateral action has caused discussions about whether it is the end of Toro’s race or a main purchase opportunity.
There is no purchase opportunity until XRP falls more
XRP has been consolidating between $ 1.77 (support) and $ 3.21 (resistance) since January, with repeated rejections near the top of the range and the bullish impulse that fades.
According to the Credibull Crypto analyst, the recent attempted XRP rebounds stagnated below $ 2.20, reinforcing the bearish control. Now he hopes that the price will visit the range of around $ 1.77 for a possible long ticket.
XRP/USD price graph. Source: TrainingView
The green support area in the form of rectangle in the graph extends as low as $ 1.50, indicating a high demand area where bulls could intervene.
A short -term rebound throughout the market, directed mainly by Bitcoin (BTC), could trigger a temporary recovery, argues Credibull, emphasizing that only a clean rupture above $ 3.21 would confirm a reversal of bullish trends.
Until then, XRP remains in a lateral structure, with the Credibull strategy focused on observing the reactions at the support level of $ 1.77 before committing to a long position.
Fountain: unknown
Toro XRP flag can lead to a 450% price rally
Credibull highlighted the lateral XRP range between $ 1.77 and $ 3.21 as a consolidation zone, waiting for a clear break to confirm the next trend. Interestingly, that same range can be forming a bull flag, according to analyst Stellar Babe.
XRP/USD Weekly Price Graph. Source: TrainingView/Stellar Babe
A bull flag is formed when the price is consolidated within a parallel channel after undergoing a strong bullish trend. It is resolved when the price is broken above the higher trend line and increases as much as the height of the anterior upward trend.
Related: The XRP price can fall another 40% as Trump tariffs aspire to risk merchants
Stellar Babe’s analysis indicates that if XRP breaks above the upper limit range of the flag at $ 3.21. Its projected objective, based on the height of the Asta Asta, is around $ 12, about 450% of current prices.
XRP’s five -year channel suggests a rally at $ 6.50
XRP is currently consolidating within a long -term upward structure, according to a recent analysis of Investingscoope.
The table shows the XRP trade within an upward channel of five years, with the current movement that resembles the Rally from 2020 to April 2021 based on the behavior of prices and impulse indicators.
XRP/USD Weekly Price Graph. Source: TrainingView/Investingscoope
Despite the setback, the broader bullish cycle remains intact whenever XRP is maintained above the 50 -week mobile average (1W MA50).
Investingscoope points out that this phase reflects March 2021, which preceded a strong break. If the employer continues, the price of XRP could be preparing for its next stage with a potential objective of $ 6.50 in the coming months.
This article does not contain advice or investment recommendations. Each investment and trade movement implies risk, and readers must carry out their own investigation by making a decision.
