- XRP analysts say $2 is floor, $10 key accumulation zone.
- Market eyes XRP consolidation near $3 ahead of critical breakout.
- Weak momentum pressures XRP, but long-term outlook remains strongly bullish.
XRP is approaching a crucial moment as analysts argue that the digital asset may never again see sustained trading below $2. The following two weeks are now seen as pivotal, with market watchers suggesting that the outcome could redefine long-term price levels.
EGRAG CRYPTO indicates that dips below $2 may continue to be seen on shorter timeframes, but monthly closes should continue to be well above that level. An analytic group, namely XRPBags, supported this argument and encouraged investors to take a different stance on accumulation.
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They pointed out that the true value zones are currently moving northwards, where below $10 is a strategic entry point as compared to the historic levels of below $1.
Ripple’s growing ecosystem strengthens this view. The Authorized Trust Line feature of the XRP Ledger is picking up momentum, with banks and payment providers examining the issue of issuing stablecoins on the ledger itself.
These are regarded as long-term adoption and utility drivers of the token.
Consolidation Before the Next Rally
Market analyst Galaxy pointed out that XRP is consolidating near the $3 zone after breaking free from a symmetrical triangle pattern that lasted over 2,500 days. He stated that sideways trading is not a sign of weakness but of a pause that will enable the market to gain momentum.
The critical resistance areas are at $3.39 and $3.32, whereas the necessary support areas are at $2.18 and $1.50. Analysts point out that holding the prices above $3 would create a foundation for more forceful rallies.
Currently, XRP is trading at around 2.97 after falling by 4.63 percent in the last 24 hours and 9.27 percent in the previous seven days. The relative strength index stands at 44.40, which indicates that the momentum is losing strength yet not oversold. The MACD histogram also records a negative value, indicating short-term pressure.
Macro Headwinds Weigh on Investor Sentiment
Wider market conditions have also influenced XRP after strong US economic data reduced expectations for Federal Reserve rate cuts. In recent trading, the token has dropped to $2.94, below the $3 mark, further extending caution among investors.
Technical indicators were weaker, as XRP was below its 20-day simple moving average at $3.09. Bollinger Bands acted as resistance at $3.36, and support at $2.81 was one of the main lines bulls needed to protect.
A Market at a Critical Turning Point
Despite weaker momentum, the XRP community remains focused on the significance of the $2.81 support. A strong hold at this level would help reinforce the claim that $2 has become the new floor while the $10 zone emerges as a long-term accumulation range.
The following two weeks will determine whether XRP secures a higher price foundation. With analysts calling $2 the floor and $10 the new buy zone, all eyes are on whether the token can consolidate before its next breakout.
Also Read: Analyst Says it is ‘Impossible’ For XRP to Reach This Anticipated Price
