Key Takeaways
- XRP’s price remains uncertain as it trades within a range for over five months, heading into a new month.
- XRP’s volume, price, and Open Interest drop indicate that investors and traders are less active.
- XRP’s month close above $2 and breakout to the highs of $3 could see the price create new all-time highs.
The mood surrounding XRP price predictions in the last few months is declining at a fast pace from extremely bullish following over 5-years of price trading around $0.56 to a historical high of $3.45, hitting a milestone for many traders and investors to price trading in a range for over 5 months straights as traders and investors are gradually losing patience.
Despite the market showing signs of volatility to the upside and the likes of Hyperliquid (HYPE) delivering on its hype, hitting a 300% rally and gaining strong interest among many whales and investors, XRP, on the other hand, has struggled to break its key resistance level of $2.6 for months.
Related Read – XRP Faces Huge Liquidation If $2 Support Fails – Here Is Why
Although the price of XRP has technically suffered, as charts can’t lie, microeconomic uncertainty and its ongoing lawsuit saga, with back-and-forth case adjudication, have also impacted the price of XRP, leading to a decrease in market sentiment across its ecosystem.
XRP Courtroom Saga Despite Strong Bullish Sentiment
Few crypto projects would have weathered the storm of the over 5-year lawsuit saga that Ripple (XRP) has endured, from delisting crypto assets on bigger exchanges to remaining strong as a community and team fighting for a just cause.
Despite gaining considerable bullish sentiment and attracting the interest of institutional investors in its ecosystem through the Ripple stablecoin (RLUSD), its ongoing lawsuit case, which has been facing constant adjournments and remains unresolved, has finally impacted its price and delayed its ETF approval. These two factors could significantly boost its price to the upside.
Although these factors are key reasons for the delayed price rally, the fundamentals of its ecosystem provide additional points to explain why the price is stalling. Considering crypto experts continue to speculate that the price looks increasingly undervalued, a critical examination reveals that the price could suffer a more severe crash if key zones are not protected.
XRP Five-Month Consolidation and Declining Open Interest
Source – XRP On-chain Data from Coinglass
XRP’s technical, both on the charts and on-chain, has been flashing reds following its market crash in mid-January from a high of $3.45 towards a low of $1.6 before a major price rebound from this low towards $2.5 but on several occasions, the price has failed to break higher above its resistance trading towards key support of $2.
According to on-chain data from Coinglass, activities on XRP have seen a significant decline in volume, price, and Open Interest, leading to uncertainty in recent market sentiment for the short term despite traders and investors remaining optimistic that the price will hit new highs before the end of 2025.
However, with declining market participation affecting its price from making a strong price rally, the price of XRP could see a major boost in July if the price trades above its key support of $2 and the price makes the needed breakout to the highs of $3, we could see a strong market sentiment for XRP.
Traders and investors would pay close attention to the weekly and monthly closes to decide on the next line of action regarding investment in XRP assets.
