XRP Price Prediction: XRP Eyes Recovery After Relief Rally Above $2 — Can Bulls Defend the Key Support?

The focus now shifts to whether XRP can build on this rebound or if sellers will regain control in the coming sessions.

XRP’s price stumbled from its $2.17 peak, triggering a wave of selling that dragged it through multiple support levels, most notably around $2.05 and $2.02. After touching lows near $1.91, the market responded with a modest bounce, lifting the token back toward the $1.98 range.

XRP was trading at around $2.02, down 3.06% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

Momentum indicators reflect the recent pressure. XRP is still below its 100-hour Simple Moving Average, and the hourly RSI remains beneath the neutral 50 mark, suggesting there’s still hesitancy on the buy side.

Yet the $1.92 level has become a critical support zone. So far, it’s holding, and that’s what traders are watching most closely. If bulls can push the price beyond $2.05, the next checkpoints lie at $2.08 and $2.12. A strong move could open the way toward $2.25, but the market will need a convincing breakout to get there.

Some analysts see signs of resilience in XRP’s chart structure. One of them, Egrag Crypto, points out that XRP is still trading above the Gaussian Channel on the weekly chart — a technical zone often used to track longer-term trend strength.

XRP appears to be at the base of a six-month wedge pattern, with a decisive move upward needed to avoid a potential breakdown. Source: Massguy66 on TradingView

He notes that as long as XRP stays above $1.75, the bullish trend remains intact. “A close above $2.33 would confirm continuation,” Egrag wrote, referring to the importance of maintaining this upward momentum. He also flagged $2.65 as another key level — a breakout above that zone could reignite a more aggressive rally.

Using Elliott Wave analysis, some are even projecting a potential run toward the $9 to $10 range, though such targets depend heavily on broader market conditions and XRP maintaining support during any short-term corrections.

There’s no shortage of uncertainty in the short term. If it fails to hold above $2.05, it could result in new selling pressure. The next significant support is around $1.95, with $1.92 and $1.88 just below. Below those levels, a break would place XRP at greater risk of dropping back into bearish territory.

But the bounce off $1.91 shows buyers are coming in at lower levels. Whether that demand can overwhelm selling pressure near resistance is what will likely decide XRP’s near-term direction.

Meanwhile, the hourly MACD shows signs of slowing bearish momentum. If bulls manage to push past $2.05 with conviction, it could be the trigger needed to shift sentiment.

Beyond price charts, XRP’s journey is still shaped by the ongoing legal battle between Ripple and the SEC. XRP lawsuit news continues in the minds of investors, and any progress toward resolution will be a tailwind for the token.

XRP is holding above the $2 support level, but rebound prospects remain uncertain amid ongoing legal challenges, geopolitical tensions, and market rumors. Source: Bitboard via X

Regulatory uncertainty that the Ripple lawsuit has created has limited XRP expansion in US markets, but international adoption and partnerships have filled that gap. A major XRP lawsuit update or some glimpse of judicial clarity would provide new impetus.

Ripple’s overall ambition remains ambitious. CEO Brad Garlinghouse has repeatedly mentioned implementing Ripple’s network for improved global payment systems, and XRP is leading the charge. Strategic collaborations, such as Ripple Bank of America and other banking institutions, demonstrate the token’s practical use case versus trading speculation.

XRP is once again testing the patience of its holders. The attempt to rebound above $2 has shown early signs of promise, but for the uptrend to continue, bulls must break past nearby resistance while protecting the $1.92 floor.

The current XRP price prediction leans cautiously bullish, though short-term headwinds remain. A breakout above $2.05 would strengthen that case, while a move back below support would signal the opposite.

As the market continues to digest Ripple news and XRP SEC updates, all eyes are on whether the token can regain its momentum or if another pullback is on the horizon.