Ripple’s XRP token has been rejected at the $1.60 resistance level. While the price fell 1.2% in 24 hours and is down 33.8% since March 2025, it has posted weekly and bi-weekly gains. Market analysts are examining whether a broader crypto recovery and new U.S. regulatory clarity could help XRP reclaim the $2 mark it last held in January.
The XRP token faced rejection at the $1.60 price level, according to CoinGecko’s XRP data. Despite a 1.2% drop over one day, the asset has risen nearly 10% in a week and 11.6% over 14 days.
XRP last traded above $2 in January of this year, following a bullish 2025. The cryptocurrency reached an all-time high of $3.65 in July 2025 but has since declined by 58.4%.
The wider crypto market is showing recovery signs, with Bitcoin (BTC) reclaiming $74,000. The SEC recently classified Bitcoin, Ethereum (ETH), XRP, and Solana (SOL) as digital commodities, which could boost investor confidence.
However, volatility persists due to macroeconomic concerns like the US-Iran conflict. Such geopolitical escalations could trigger capital flight from riskier markets like cryptocurrency.
CoinCodex analysts anticipate XRP to rally over the coming months but do not expect it to hit $2 soon. The platform predicts XRP will climb to $1.81 by June 5, 2026.
Market observers note that Federal Reserve policies could influence the sector. Some analysts expect potential money printing and interest rate cuts, which might increase capital flow into crypto.
