XRP (XRP-USD) is holding its ground between $1.80 and $2, but traders warn that a liftoff to double digits may require a bit more patience. While some analysts believe the coin is gearing up for a massive run toward $11, historical patterns from 2017 and 2021 suggest a period of sideways trading is coming first. On Monday, XRP continues to sit in a consolidation phase, which many experts see as a necessary step to build enough energy for the next big jump.
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XRP Defends Key Support Levels
The current market setup shows that XRP has a very strong safety net between $1.80 and $2.00. Every time the price has tested this area since late 2024, it has resulted in a rebound of anywhere from 35% to 90%. This zone acted as a major peak in 2021, and turning that old “resistance” into new “support” is a classic sign that the market is preparing for a higher floor.
Analyst Mikybull Crypto noted that holding this line is a critical part of the current bull run cycle. While the price isn’t shooting up today, staying above $1.96 keeps the dream of a double-digit XRP alive. If the current pattern follows past cycles, we could see the coin drift in this range for several more weeks before the actual “liftoff” begins.
On-Chain Metrics Signal Undervaluation
Data from the blockchain suggests that XRP is currently undervalued compared to its previous peaks. The MVRV ratio, which helps show if a coin is overpriced or underpriced, is sitting at 1.23. This is much lower than the massive score of 14.73 seen during the 2017 boom, which tells us there is very little profit-taking pressure right now.
Another indicator, called the NUPL, has actually dipped into the capitulation zone. While that sounds scary, it usually marks a cycle bottom where the “weak hands” have sold and only long-term believers are left. Historically, when XRP hits these levels, it marks the start of a long accumulation where smart money enters the market before the general public catches on.
Traders Brace for Future Impulse Waves
The “only difference” between now and previous bull runs is the amount of time the coin spends waiting. Expert CryptoBull argues that we need a longer period of sideways trading to support much higher prices later. Once this period ends, he predicts the next “impulse” will carry XRP to $11, with a final target for this cycle potentially reaching as high as $70.
A breakthrough would likely be confirmed if XRP can reclaim and stay above the $2.22 level with high trading volume. Until that happens, the coin is likely to remain “range-bound,” giving investors more time to build their positions. The latent buying pressure currently building up in the futures market suggests that when the move finally happens, it could be fast and aggressive.
At the time of writing, XRP is sitting at $1.9129.
