Key Takeaways
- The price of Ripple (XRP) remains in yearly profit despite the price crashing by over 50% in the last three months.
- XRP’s price must break above its $2.5 resistance level to flip from bearish to bullish sentiment as it aims for higher price levels.
- Fundamentally, the price of XRP is bullish in terms of long-term price potential while its technical price action struggles.
The cryptocurrency market has suffered many losses in the past few weeks due to a U.S. tariff hike affecting the financial market, leading to low liquidity and volume across the cryptocurrency market as the price of Bitcoin crashed from a high of $88,500 towards $74,500 before making a dramatic comeback above $80,000 with Ripple (XRP) also recording 10% just after the news on a 90-day tariff pause by Donald Trump.
Despite many struggles from XRP, one of the best performers of 2024, coming into 2025, news of the price hitting the $5 mark before the second quarter of 2025 has failed to play out as expected. Fundamentally, XRP is in a strong position to hit a double-digit figure following its news of SEC resolution with the Ripple team, fostering cross-border payment, and acquiring Hidden Road, a broker firm, in recent times.
While the price of XRP has not rallied as expected, it has reclaimed its strong support zone of $2 as investors and traders continue to speculate where it could be headed: $1.5 or $2.5, where it could resume its bullish price action to the upside of $4.
Is XRP Bullish or Bearish?
Source – XRP Price Performance From Coinmarketcap
Although the price of XRP remains in profit from a region of $0.55, as its one-year performance shows over 200% in the past few months, the price has suffered a significant decline of over 50% in the past three months. The price crashed from a region of $3.45 to a low of $1.85 before making a strong rally to the upside.
While the currency market sentiment for XRP remains neutral due to market uncertainties, the price of XRP needs to breakout above the region of $2.5 for its price to resume a strong bullish price rally towards a high of $3 or more.
The short-term price sentiment for XRP remains bearish until it breaks above $2.5 with strong volume to sustain its price rally to the upside. However, the overall market sentiment for XRP is bullish despite short-term market setbacks.
XRP Price Prediction Today Chart – Is XRP Buy or Sell?
Source – XRP 1D Chart Price Action From TradingView
The price of Ripple (XRP) holding strong above its $2 mark is commendable, considering how altcoins have suffered many losses in the past few days as market sentiment has gradually shifted to bearish for most altcoins.
XRP’s price remains fundamentally bullish despite the market struggling to regain its bullish price action to the upside. The price of XRP must break above its $2.5 resistance point of interest before confirming bullish price action to the upside.
If the price fails to breakout from its short-term bearish action, bears may push it towards a low of $1.5. XRP bulls must reclaim their price above $2.5 to avoid such price action.
A short-term buy for XRP is possible towards the $2.5 resistance, which would act as a sell zone for buyers. A breakout above would signal a continuation to the upside.
