- The crypto market remains neutral as prices move sideways, keeping traders cautious and undecided.
- XRP trades near $2, underperforming Bitcoin and Ethereum during recent market gains.
- Analysts say XRP’s long consolidation often appears before strong breakout moves historically.
The crypto market is moving sideways. Prices are neither crashing, nor breaking out. Overall sentiment sits right in the middle, with traders wondering about its next direction.
The total crypto market cap is holding near $3.22 trillion, while the Fear and Greed Index is parked at 50, a clear sign of neutrality. This kind of environment often becomes a waiting game, and XRP is right in the middle of it.
Where XRP stands right now
As of press time, XRP is trading around $2.05, showing only small moves. After a short rally earlier, the price cooled off and slipped back into a tight range. Compared to other major coins, XRP has shown low performance over the past week. Bitcoin surged by 5%, Ethereum went up by 7%, while XRP declined by 1.5%.
Related: How Evernorth Plans to Bring XRP to Wall Street Like a Public Stock
What Analysts Are Saying
XRP’s current behavior looks familiar when compared to its past cycles. One analyst pointed to a monthly fractal pattern, comparing XRP’s long consolidation phase with what happened before its major breakout in 2017. The long periods of sideways movement often come before strong expansion phases.
Crypto analyst EGRAG Crypto described XRP’s chart as “screaming,” even though many traders are ignoring it.
According to his analysis, XRP is not showing weakness. Instead, it is pulling back into support zones, cooling off momentum, and forming higher lows. This type of structure is often seen during healthy consolidations, not tops.
Source: X
As long as support levels hold, the overall structure stays healthy. Because of this, the analyst is watching a long-term range between $15 and $22. But if XRP loses that support, the bullish view no longer holds.
ETFs and Regulation Add to the Setup
On the fundamentals side, XRP-linked ETFs are also being watched closely. While still early, around 800 million XRP has already been absorbed across products. Some experts see this as a warm-up phase, with larger capital flows potentially coming later.
Regulation remains another factor. Brad Garlinghouse recently commented on delays around U.S. crypto legislation, saying clarity is better than uncertainty and progress should not stall now.
Related: Crypto Analyst Explains the Potential Effect of the CLARITY Act on XRP’s Price
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Source: https://coinedition.com/xrp-feels-dead-at-2-past-cycles-say-that-feeling-doesnt-last/
