The XRP price has spent the past week struggling with bearish momentum, and the latest dip below the $2 price level has further added to the bearish sentiment. The cryptocurrency briefly slid under this psychological level in the past 24 hours, continuing a multi-week sequence of lower highs and lower lows.
Despite this pullback, one crypto analyst on X proposes that the current movement is not as alarming as it appears. His price chart, which maps XRP’s weekly candles, shows the XRP price falling to a familiar support area inside a larger descending channel.
XRP Price Still Trading Inside A Year-Long Range
XRP’s break below $2 might be the final blow for many bullish traders, but some are still holding on. In his breakdown, the analyst reminded followers that XRP has been moving within the same broad range between $1.90 and $3.50 for nearly a year. According to him, the recent drop to the lower boundary of this range is simply the market revisiting an already-established zone.
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He highlighted the green support region around $1.90, which has repeatedly prevented a deeper collapse throughout late 2024 and early 2025. The chart he shared shows XRP’s weekly candles inching toward that support, touching the edge of the descending yellow channel that has shaped price action since the last major rejection near the red resistance band above $3.
Keeping this price action and the price range in mind, the analyst noted that nothing meaningful changes unless XRP breaks below $1.90 A breakdown beneath this area, in his words, would send XRP “back to McDonald’s,” which is a far more severe retracement. However, as long as the green support is in place, the ongoing decline can be categorized as noise inside a larger consolidation phase.
On the opposite end of the chart sits the $3.60 resistance. The red zone marking this area was tested earlier in the year but rejected strongly, creating the broad range XRP has been stuck in ever since. Clearing this ceiling, the analyst said, would unlock what he called “the road to Valhalla.”
XRP Price Chart. Source: @stedas On X
The Road To Valhalla: What Comes After A Break Above $3.6
If XRP manages to break through the $3.60barrier, the analyst believes the path opens toward aggressive upside targets. His post listed potential milestones at $7, $12, and potentially even $25 if momentum expands into a full-scale rally. The yellow upward projection line in the chart illustrates how quickly XRP could move once that resistance is flipped into support.
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These price targets are consistent with mid-scale predictions by other analysts. XRP price predictions on the high end range from three digits at $100, up until $1,000. At the time of writing, XRP is trading at $1.96, down by 8% in the past 24 hours.
Featured image created with Dall.E, chart from Tradingview.com
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