New XRP Rally Incoming? Analyst Believes This Cycle Is Unique

Mitrade
Trending Articles
coverImg
Source: DepositPhotos

XRP investors are keeping an eye on a crucial price level this week. Bitcoin has md to reclaim above $100,000 and Ethereum is over $2,300. XRP has recorded a modest increase as well but still hovers at the lower part of thanagee $2 price range. From a chart of a market observer who goes by the name of “Guy on the Earth,” XRP has held above a persistent horizontal trendline at $2.


Historical Price Rollercoaster


Back in March 2017, XRP burst in price, rising from $0.0055 to a high of $3.80. After peaking at that all-time high in January 2018, it fell hard. XRP initially broke through $2 on December 30, 2017. By January 13, 2018—two weeks later—it dipped below again. That initial test revealed the $2 level was more resistance than support for new buyers.


Failed Breaks After Rally


XRP attempted to break past that level once more in April 2021. It peaked at $1.96 but could not make further progress. From January 2018 all the way up to December 2024, the $2 line acted as a ceiling. Traders watched it cap price action for almost seven years. Every time XRP hit against that wall, it fell back into the $1 zone.


$XRP

Thats about as clean as it gets.

This time it is different.

This time it’s XRP. 

— Guy on the Earth (@guyontheearth) May 9, 2025



Recent Break Above Two


Based on reports, XRP finally cleared the $2 trendline in December 2024, when broader markets jumped on a bullish wave. Since then, the coin has stayed above this line for almost five months. That’s a first in XRP’s history. While its bounce hasn’t been as fast as Bitcoin’s or Ethereum’s, holding this level longer than ever feels different.



Analyst Predictions And Warnings


As per “Guy on the Earth,” remaining above $2 would pave the way for greater prices. He previously predicted an increase to $3.30, which already occurred. His next goal rests at $5.30, where he advises traders to take profit. He said “this time is different” for the altcoin.


Wider Risks And Outlook


This trend in prices is just half the story. Ripple’s legal battle against the SEC and regulatory updates for crypto would do the trick. On-chain metrics such as active accounts or large transfers would put some perspective behind that $2 hold.


Traders should pay attention to sudden spikes in daily volume around this line. If XRP drops below $1.80 on a daily chart, some analysts will declare the setup invalid. For the moment, however, many view this extension above $2 as a signal that XRP’s next act could be better than its previous one.


Featured image from Unsplash, chart from TradingView

Read more

  • A Crash After a Surge: Why Silver Lost 40% in a Week?
  • * The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

    goTop
    quote
    Related Articles
    placeholder
    Bitcoin is trading around $63,000, down nearly 40% from its peak near $126,000Wall Street desks are no longer talking about upside dreams. The talk right now is how far Bitcoin charts could fall if selling keeps piling up. According to data from TradingView, Bitcoin’s price now sits at a shocking $63,500, after falling from $70,000 just this morning, losing $13,000 in 6 days, and staying far below […]
    Author  Cryptopolitan
    Feb 06, Fri
    Wall Street desks are no longer talking about upside dreams. The talk right now is how far Bitcoin charts could fall if selling keeps piling up. According to data from TradingView, Bitcoin’s price now sits at a shocking $63,500, after falling from $70,000 just this morning, losing $13,000 in 6 days, and staying far below […]
    placeholder
    Bitcoin Drops to $70,000. U.S. Government Refuses to Bail Out Market, End of Bull Market or Golden Pit? The U.S. government refuses to bail out Bitcoin, and with Fed rate cuts nowhere in sight, a continued downward trend to test for a bottom is likely after a brief rebound.During the mid-da
    Author  TradingKey
    Feb 05, Thu
    The U.S. government refuses to bail out Bitcoin, and with Fed rate cuts nowhere in sight, a continued downward trend to test for a bottom is likely after a brief rebound.During the mid-da
    placeholder
    Bitcoin Leverage Flush Evaporates $775M as Capital Rotates Into Defensive Infra PlaysBitcoin's plunge to $70K triggers a $775M leverage washout, driving a capital rotation into quantum-secure infrastructure project BMIC as investors seek uncorrelated alpha.
    Author  Mitrade
    Feb 05, Thu
    Bitcoin's plunge to $70K triggers a $775M leverage washout, driving a capital rotation into quantum-secure infrastructure project BMIC as investors seek uncorrelated alpha.
    placeholder
    Ethereum Price Forecast: ETH faces heavy distribution as price slips below average cost basis of investorsEthereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data.
    Author  FXStreet
    Feb 05, Thu
    Ethereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data.
    placeholder
    Bitcoin Rout. Bridgewater Founder Dalio Publicly Backs Gold.Gold returns to the $5,000 mark as Bitcoin prices weaken to hit new lows; what is the future outlook?During the Asian session on Wednesday (February 4), gold ( XAUUSD) prices continued to
    Author  TradingKey
    Feb 04, Wed
    Gold returns to the $5,000 mark as Bitcoin prices weaken to hit new lows; what is the future outlook?During the Asian session on Wednesday (February 4), gold ( XAUUSD) prices continued to
    Live Quotes
    Name / SymbolChart% Change / Price
    XRPUSD
    XRPUSD
    0.00%0.00

    cryptocurrency Related Articles

    • Top 3 Price Prediction: Bitcoin, Ethereum, Ripple — Bulls take the reins, with $100K BTC, $3,500 ETH and $2.35 XRP in focus
    • Best Strategies When BTC Price Drops: From Hedging to Accumulating
    • How to Day Trade Crypto? Simplest Day Trading Strategy Ever
    • Trading Chart Patterns:Ultimate Guide to Price Action
    • Places that Provide Cheapest Ways to Buy Bitcoin In 2025
    • 10 Best Crypto With Most Potential to Buy and invest in 2025 - Top Picks from Expert Traders

    Click to view more