XRP Price Prediction: The price of XRP continues its consolidation above $2

The price of XRP continues its consolidation above $2.00 despite seeing the price rejected below $2

The price of XRP continues its consolidation above $2.3 despite seeing the price rejected below $2, with the price of XRP rebounding swiftly around the region of $1.95 to trade higher. In contrast, the price continues to defend its key support zone of $2.

XRP’s recent price action and decline come at the back of a price rally to a high of $3.45, hitting a historical price point of over 400% in less than two months, with speculation mounting of XRP’s spot ETF approval could take price to a new price point above $5.

Despite market uncertainty since the start of 2025, the price of XRP has demonstrated some strength, holding up strongly above $2, which could act as a strong base point for bulls to push the price of XRP to new heights.

The price of XRP trades above $2.3 with less volume to push the price to the upside as the price continues to consolidate its price around the region of $2 to $2.45, with a price expected to break to the upside of $2.5 to initiate a new price rally.

According to on-chain data by Coinglass regarding XRP’s three-day liquidation price, huge liquidations below $2.23 act as a support zone for longs. Price has respected this zone several times, with bulls looking for an opportunity to push the price higher to the upside.

“$XRP is shaping up a head-and-shoulders on the weekly chart. It spotlights the $2 support. Holding it is crucial. Otherwise, a deeper correction towards $1.9 is possible. A break above the neckline around $2.5 could open the door for a move towards $3.”

In his X post, crypto expert and on-chain analyst Ali Martinez identified $2 support as crucial for the XRP price to rise. A break below this region could see the price of XRP retrace lower into a region of $1.9.

This week, the US FOMC (Federal Open Market Committee) meeting could impact the market’s price in the coming days. A favorable meeting could see the price of XRP try to break past its high of $2.5, with major resistance resting around $3.

The overall market trend for XRP remains bullish despite the market suffering some price decline in the past couple of weeks, leading to an over 40% decline since the start of the year. Speculation of XRP spot ETF approval and a resolution of XRP and SEC lawsuit could act as catalysts for price in the coming months as the price could seek new highs.

The price of XRP trading above $2.5 resistance would lead to a major price boost to the upside as the price would trade above its 50-day and 200-day EMAs, with price trading below the 200-day EMA acting as resistance.