XRP has held support at $1.8–$2.0 since December 2024 and could target about $10, yet analysts say it needs extended consolidation before a sharp rise. The setup has historically led to rebounds between 35% and 90%, and a repeat pattern could add roughly 57% by year-end.
Mikybull Crypto described the current base as “preparing for liftoff,” noting support near the 2021 high of $1.96, as seen on a TradingView chart. The analyst ties the present structure to previous bull runs.
CryptoBull observed that “The price pattern is copying the previous bull run” and added that “The only difference is time, which makes sense, as we need longer accumulation for higher prices,” as stated. The same analyst forecasted that future impulses could reach about $11, then $70.
XRP fell under prior highs in 2022 and then ranged between $0.30 and $0.70 for over three years before a 390% rally in December 2024. A similar extended consolidation near $2.0 could precede any major breakout.
Onchain indicators show caution: the net unrealized profit/loss has entered a capitulation zone, and the market-value-to-realized-value ratio sits near 1.23, far below past peaks of 14.73 and 3.9. (Ed. note: Capitulation phases have often matched prolonged sideways price action.)
Holding $1.8–$2.0 and reclaiming $2.22 would preserve the bullish thesis, supported by growing latent buying pressure in futures markets.
