XRP Back At The Edge: Will Breaking $2 Barrier Rewrite Its History?
XRP kicked off January with a large break above $2 and a rally in the direction of $2.4. However, since then, the cryptocurrency has struggled to keep up bullish momentum.
Now, consideration has turned to a well-known and cussed technical stage, one which has formed XRP’s historical past as resistance and assist over a few years. In a recent post on X, crypto analyst Steph highlighted this stage and its significance as a vantage level that correlates with the cryptocurrency’s newest worth outlook.
A Resistance Zone Etched In History
Technical evaluation of XRP’s worth motion on the 12-month candlestick timeframe focuses on a worth area that has haunted the cryptocurrency since 2017. According to crypto analyst Steph, each main cycle rally has stalled round $2, and this makes it a defining long-term resistance space for the cryptocurrency.
This sample is significant and never at a random worth goal. When worth consolidates beneath a barrier for years, the stress that builds could cause a strong upside transfer as soon as the barrier lastly provides approach. According to Steph, a clear, consecutive shut above $2 on a yearly timeframe would imply that long-term provide has been exhausted and will open the door to a a lot bigger repricing for XRP.
This perspective aligns with current chart conduct. XRP climbed above $2.40 very briefly in early January, but it surely couldn’t maintain the breakout, retreating towards the mid-$2 space after sellers re-entered the market. Current worth readings present the cryptocurrency trading around the high $2 area at $2.09.
XRP 12-Month Price Chart. Source: @Steph_iscrypto On X
What A Breakout Could Mean For The Next Chapter
The problem for XRP is just not whether or not it may commerce above $2, as a result of it already has. The token spent a lot of the primary half of 2025 above this stage, and this ultimately carried the value to an all-time high at $3.65.
The concern is that XRP has constantly gravitated again towards the $2 zone over time, turning it right into a recurring pivot base for assist and resistance. This conduct has brought on a number of breakout makes an attempt to look as little greater than lengthy higher wicks on the 12-month candlestick timeframe, adopted by imply reversion.
What issues now is just not a short push by way of the extent, however whether or not XRP can break above $2 and maintain it with a significant shut on greater timeframes. A sustained shut above $2 would imply that provide at this stage is lastly being absorbed. That consequence can be an important milestone in XRP’s long-term construction.
However, earlier than that may occur, XRP’s worth motion nonetheless must establish strength on mid-timeframes. The essential factor will probably be whether or not $2 can change from resistance to assist within the weeks and months forward.
If it breaks above $2 convincingly, then it may create one other base at a better worth stage. In Steph’s projection, such a structural change might open XRP for an extended move, with upside targets stretching as high as $30.
Featured picture from Unsplash, chart from TradingView
