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.

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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