Here’s What’s Holding XRP Back and What Could Trigger a Breakout

XRP’s price remains stuck in a tight range as investors assess the fallout from the Bybit hack. Despite a broader selloff, the token has managed to hold above $2.5, though its recent price action suggests uncertainty.

Analysts at More Crypto Online describe XRP’s outlook as neutral, casting doubt on earlier expectations that the coin could reach $250 in the long term.

According to More Crypto Online, XRP has yet to break out of its current range, maintaining support above $2.47. At last check, the token was priced at $2.592, marking a 0.63% decline over the past day. During this period, it fluctuated between $2.512 and $2.597 before settling.

While XRP’s bullish structure remains technically intact, it has struggled to push past the $2.8 resistance level. If this trend continues, further downward movement could be likely in the short term. Analysts point to two critical levels: a drop below $2.47 could signal more losses, while a break above $2.75 may trigger a rally.

READ MORE:

Altcoin Season Takes a New Turn as Stablecoins Drive Gains, Says CryptoQuant CEO

Earlier projections suggested XRP could surge to $250 by 2026, with market analyst XRP Captain attributing this potential rise to heavy accumulation by large investors. However, this remains one of the most optimistic predictions for the token.

While sentiment around Ripple remains positive, supply concerns have been highlighted as a major hurdle for significant price appreciation. Nevertheless, the broader regulatory environment in the U.S. appears favorable, keeping long-term prospects open-ended.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.