Ripple XRP Price: What History Tells Us About the Next Major Move

TLDR

• XRP is holding support between $1.80-$2, with technical patterns suggesting an extended consolidation period before any major price movement toward $10
• Multiple analysts point to similarities between current market conditions and previous cycles in 2017 and 2022 that preceded extended sideways trading before breakouts
• Onchain indicators including NUPL and MVRV ratios show XRP entering levels historically associated with cycle bottoms and undervaluation
• Ripple Labs announced a partnership with Jeel, the innovation arm of Riyadh Bank in Saudi Arabia, focusing on blockchain integration for cross-border payments
• XRP formed a triple-bottom pattern at $1.78, a bullish reversal signal that could push prices up 25% to $2.41 if the pattern holds

XRP is trading near $1.90 after defending a key support zone between $1.80 and $2 that has held since December 2024. The price level has been tested multiple times over recent weeks, with each retest producing bounces ranging from 35% to 90%.

The token rose nearly 5% on Monday after forming a triple-bottom pattern at $1.78. This technical formation is considered a bullish reversal signal. The pattern’s neckline sits at $2.41, which represents a potential 25% gain from current levels.

Analyst Mikybull Crypto noted that XRP is “preparing for liftoff” while citing strong support near the 2021 high of $1.96. Another analyst, CryptoBull, observed that XRP’s current price pattern mirrors previous bull runs. The main difference is timing.

If a similar scenario unfolds, XRP could consolidate around the $2 level for an extended period before any major upward move. CryptoBull projects the next impulse wave could take XRP to $11, with a final wave reaching $70.

Onchain Metrics Show Market at Cycle Bottom

Onchain data reveals similarities between current market conditions and previous bull cycles. XRP’s net unrealized profit/loss indicator has entered the capitulation zone. This position typically appears at cycle bottoms.

The NUPL measures the difference between relative unrealized profits and losses of XRP holders. In past cycles, the transition to capitulation has matched extended price consolidation periods.

The market value to realized value ratio also supports the consolidation theory. The current daily reading stands at 1.23. This is far below the peak of 14.73 in 2017 and 3.9 in 2021. The lower MVRV ratio indicates reduced profit-taking pressure.

The Relative Strength Index has pointed upward and is approaching the neutral level at 50. The price has also formed a bullish engulfing pattern on the daily chart.

Ripple Expands Through Strategic Partnerships

Ripple Labs announced a partnership with Jeel, the innovation arm of Riyadh Bank in Saudi Arabia. Riyadh Bank manages over $120 billion in assets. The partnership will explore blockchain integration for cross-border payments.

This deal adds to Ripple’s growing international presence. The company recently secured licenses in the United Kingdom and Luxembourg. It also received a banking charter from the Office of the Comptroller of the Currency in the United States.

Third-party data shows Ripple gaining ground in Real World Asset tokenization. Its RWA assets increased 30% in the last 30 days to over $410 million. Its stablecoin market capitalization grew 10% to $393 million during the same period.

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