XRP has recently faced a notable decline after touching a multi-year high of $3.40 in mid-January 2025. But there’s good news brewing for XRP…
The cryptocurrency, associated with Ripple Labs, is now trading around $2.40, sparking debate among investors and analysts. Some see this as a golden buying opportunity, while others warn of a potential deeper correction. With market volatility on the rise, the question remains: Is XRP’s rally losing steam, or is this just a temporary setback before another surge?
Market Correction or Start of a Downtrend?
After reaching its highest level since 2018, XRP has retraced nearly 30%, aligning with a broader market pullback. Several analysts point to macroeconomic uncertainties, including new U.S. trade tariffs and shifting investor sentiment, as reasons behind the recent sell-off. Despite this, XRP remains up over 400% from its November 2024 low of around $0.50, suggesting that the overall bullish trend is still intact.
Ripple’s XRP price was trading above the $2.50 support, up 5.21% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin
Technical analysts highlight that XRP’s support level at $2.40 is crucial for determining its next move. If it holds, the asset could stage a rebound toward $2.80 or even reclaim $3. However, a break below $2.30 might push it toward deeper support levels at $2.00 or even $1.60, where more significant accumulation could occur.
Analysts Predict Possible Retest of Lower Levels
Some market watchers foresee further downside in the near term. Popular crypto analyst Credibull Crypto suggests that XRP could drop between 30-45%, targeting the $1.60-$1.30 range before establishing a solid base for another rally. The analysis aligns with the current bearish structure, which shows consecutive lower highs and weak buying pressure.
XRP must reclaim $2.70 for upside momentum or risk falling toward $2.00. Source: Nishant Bhardwaj via X
Nishant Bhardwaj, another prominent analyst, echoes this sentiment, warning that a breakdown below the $2.50 mark could lead to a retest of $2.00 and possibly $1.61. “Strong bounce from sub-$2 levels suggests demand, but bearish pressure persists. Watch $2.50 closely,” he wrote on social media.
However, some believe that these possible dips could turn into an attractive entry point for long-term investors. Historical trends show that XRP tends to consolidate before significant rallies, and a drop to $1.60 may be a strategic accumulation zone before another bullish leg.
Whales and South Korean Traders Accumulate XRP
With the situation still highly uncertain, some investor groups seem to take advantage of the recent price drop. On-chain data shows that whales—large holders of XRP—have been aggressively accumulating on this dip.
XRP Cumulative Volume Delta (CVD) Chart from Upbit. Source: LTRD via X
Wallets holding upwards of 1 million XRP have continued to increase their total amount; if anything, it would have pointed to deep-pocket investors remaining confident in the long-term outlook of this asset. XRP has historically been a favorite among South Korean retail traders, and their continued accumulation indicates that market participants in the region view the dip as a buying opportunity rather than a warning sign.
Bullish Projections: Could XRP Hit $18?
While short-term downside risks persist, some analysts remain highly optimistic about XRP’s long-term price potential. Crypto strategist Dark Defender predicts that XRP could reach $5.85 in the coming months and as high as $18.22 in the long run, citing Elliott Wave Theory as a basis for this forecast. Another expert, XForceGlobal, also envisions XRP surging to the $5-$10 range, provided it completes its current consolidation phase successfully.
Ripple’s Primary Cycle Waves, highlighted in light blue, suggest the XRP price still aims for $18.22. Source: Dark Defender via X
For XRP to sustain a long-term uptrend, bulls must reclaim $2.80 and establish a foothold above $3.00. Breaking past its previous high of $3.40 could open the door for further gains, but that depends on increased demand and improved sentiment in the broader crypto market.
Watch – XRP Technical Analysis Pice Prediction
Conclusion: Opportunity or Warning Sign?
XRP’s current price under $3 has sparked a debate within the crypto community. While technical indicators suggest the potential for further downside, strong accumulation from whales and South Korean traders signals underlying confidence. If the XRP price holds key support levels and breaks past resistance barriers, it could enter another bullish phase. However, failure to defend its current levels could lead to a deeper correction. Investors should weigh both perspectives carefully and assess their risk tolerance before making any moves.
Finally, the rumor mill is in overdrive with Brad Garlinghouse, CEO of Ripple, now cited by the New York Post as the frontrunner for a high-stakes advisory role in the White House Crypto Council. This development points to Ripple’s growing influence in shaping American crypto legislation—an arena that could define how digital assets are regulated and embraced across the country. Beyond the headlines, market watchers see this as a colossal vote of confidence for Ripple and a price catalyst for XRP. If Garlinghouse manages to steer the creation of an American Crypto Asset Stockpile, it could cement XRP’s status as a major player in the national crypto landscape.
The buzz intensified when Garlinghouse made an appearance alongside President Trump at Mar-a-Lago, stoking chatter about a possible position in the administration. It’s more than speculation: top-tier crypto financiers and heavy hitters are reportedly jostling for slots on Trump’s newly formed crypto advisory board, hoping to guide policy at the highest levels.
This council was established via executive order during Trump’s first week back in office, underscoring a pledge to keep the United States at the cutting edge of blockchain and crypto technology. Collaborating with the so-called AI & Crypto Czar, David Sacks, council members aim to craft clear, forward-thinking regulations. With the global competition for crypto supremacy at a fever pitch, this move sets the stage for what many believe will be the next financial revolution—and Garlinghouse may well be at its helm. That’s massive news for Ripple and XRP.