The price of XRP has recently sustained itself above the $3 range, a level it has not hit since 2018. This development has led to speculation that the digital asset may be on the verge of a significant breakout. Crypto commentator JackTheRippler (@RippleXrpie) shared a chart on X highlighting this trend and suggesting a major breakout.
Looking at the provided chart, XRP saw sharp price movements in 2018 when it reached an all-time high of $3.84, and in 2021 when it peaked at $1.96.
Although there were rapid dips, the current price action shows XRP maintaining its position close to a multi-year high, suggesting stronger support than in those cycles.
According to JackTheRippler, XRP has never spent this much time in the $2-$3 range.
The price of #XRP has never been so long in the $2-$3 range in its entire history!
XRP is currently preparing for a major breakout. pic.twitter.com/e5NAOPJl25
— JackTheRippler ©️ (@RippleXrpie) January 30, 2025
Another notable crypto figure recently highlighted XRP’s resilience , and this stability could indicate a shift in market dynamics, potentially signaling that the asset is preparing for a new phase of growth.
Key Factors Influencing XRP’s Future
While the price action is promising, XRP’s long-term trajectory will depend on several factors, especially regulatory clarity and the potential end of the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC).
The lawsuit has been a significant factor influencing XRP’s price movements, as it prevented the digital asset from reclaiming its all-time high in 2021, and during subsequent bull runs.
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However, experts believe the new administration under Donald Trump will dismiss the lawsuit and enact proper regulation for the crypto industry, cementing XRP’s regulatory clarity and freeing it for a massive rally.
XRP’s integration into financial systems, particularly as a cross-border payment solution, could also enhance its value. Some community members believe that XRP could replace SWIFT, and rumors have been swirling since 2024 that the BRICS bloc might adopt the digital asset for this purpose.
Excitement From the Community for XRP
If XRP maintains its position above key support levels, it could build momentum for further gains. With multiple catalysts acting in the digital asset’s favor, 2024 could be the year it finally reclaims and surpasses the $3.84 level.
One community member observed that XRP recently stayed above the $3 level for the longest time in its history, further bolstering the bullish sentiment. Another commenter emphasized that XRP has been holding its ground within the $2-$3 price range, adding that it appears to be “gearing up for something big.”
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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