XRP price may consolidate to $10 for a long time before ‘liftoff’.
XRP (XRP) could see another major rise to double-digit prices, but similar market trends in 2022 and 2017 suggest an extended period of consolidation before that happens.
Main Receptors:
XRP macro setup targets $10, but extended consolidation is needed before any sharp lift.
XRP holds strong $1.80–$2 support since December 2024, which has historically seen price corrections of 35%–90%.
Onchain data suggests that XRP is in the early stages of its previous sideways price action.
XRP needs a “longer stock” before a rebound
As shown in the chart below, XRP has defended the $1.78–$2 support band it has held since December 2024.
The XRP/USD pair rose 35%-90% each time it tested this support base.
If the setup plays out the same way, it could gain as much as 57% by the end of the year.
Related: XRP metric echoes prior to 68% price collapse
XRP is “preparing to take off”, citing the crypto's fearsome support near its 2021 peak of $1.96, analyst Mikubul said.
“The price pattern is recapturing the previous bull run,” analyst CryptoBull said, referring to XRP's consolidation at previous all-time highs as seen in previous cycles.
“The only difference is the time, which makes sense, we need a longer inventory to get a higher price,” CryptoBull added.
In the year Note that the XRP/USD pair fluctuated between $0.30 and $0.70 for more than three years before a 390% run in December 2024, after falling below its previous peak in 2022.
If the same scenario unfolds, the XRP price could rally around $2 (2021 high) for a longer period of time before a massive upside occurs.
“The next momentum will take XRP to $11 and the last wave to $70,” CryptoBull added.
XRP is ‘underpriced' at $1.90, but for how long?
Onchain data highlights the similarities between the current XRP market position and previous bull cycles.
XRP's Net Unrealized Profit/Loss (NUPL) indicator has entered the “Capital Zone (Red)”, an area that is typically down-cycle.
NUPL measures the difference between non-relative gains and losses of XRP holders.
In previous market cycles, the shift to capitalization was associated with an extended period of price consolidation, as shown in the chart below.
The market value to fair value (MVRV) ratio supports this consolidation theory. With a current daily reading of 1.23, significantly lower than 2017's 14.73 and 2021's 3.9, the index suggests that XRP is relatively undervalued.
This low MVRV ratio indicates a reduction in profit-taking pressure and an increase in sustainable price appreciation.
Before this happens, the price of XRP may strengthen for a while before starting a sustained recovery.
According to Cointelegraph, holding $1.80–$2.00 and recovering to $2.22 keeps XRP's bullish case intact, fueled by latent buying pressure, which is slowly building in the futures market.
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