XRP Holds Above $2 as Analysts Identify Key Support for Next Move

• XRP trades in a narrow range, awaiting a breakout above $2.60.
• The legal victory boosts sentiment, with $2 acting as crucial support.

XRP continues to stay focused amid shifting trends in the crypto market. According to analyst Ali Martinez, the $2 price point is the most crucial support level for XRP. This insight adds to a broader narrative following Ripple’s legal resolution with the SEC. Traders now look to $2 as a pivotal zone for upcoming market activity.

Historical Relevance of the $2 Price Marker

XRP last touched the $2 mark in April 2021 during a bullish cycle that followed Bitcoin’s rally. The token surged alongside other digital assets before facing regulatory pressures. Ripple’s legal issues with the U.S. Securities and Exchange Commission kept XRP below $2 for nearly four years.

According to analyst Ali, the $2 level remains structurally important. The mention of this price zone reflects historical trading behavior and psychological significance among participants. In past uptrends, XRP gained momentum after clearing specific resistance levels, with $2 often marking a transition area.

Legal Outcome Lifts Sentiment Toward Key Levels

As discussed by Coincryptonews Ripple’s legal battle with the SEC concluded in March 2025, removing a long-standing barrier for XRP. The SEC dropped its appeal after accusing Ripple of raising $1.3 billion through unregistered sales. This result pushed XRP’s price to $2.45, a level last seen during the previous bull run.

Ripple CEO Brad Garlinghouse called the legal victory a “resounding win” for the company and the broader crypto market. The end of the case also triggered a price jump of over 9%, attracting renewed attention to XRP’s chart patterns. As traders look ahead, the $2 mark now plays a role in charting possible retracement or continuation scenarios.

According to our analysis, Ali’s $2 comment aligns with a broader technical outlook. Earlier in 2025, XRP broke out of a symmetrical triangle pattern. Analysts like Dark Defender project potential levels at $5.85 and $8 in the current Elliott Wave cycle.

Analysts have also highlighted that an ETF further shifts market sentiment shift market sentiment further. If XRP climbs near the $2 level again, traders will watch its reaction closely to confirm support or test for weakness. Price markers near $0.85 and $1.10 remain interim resistance zones, while support holds around $0.50.

XRP trades at $2.3483 at press time, showing minimal movement with a 0.05% decline. The price continues to consolidate in a narrow range, with daily volume at 43.24 million. Buyers are defending immediate support at $2.2798, while resistance stands at $2.6046. A break above this level may lead to a move toward $2.9486, which marks a recent high.

XRP 1-Day Chart Source: TradingView

The Relative Strength Index (RSI) reads 48.02, while the 14-day RSI moving average stands at 49.98. These figures suggest neutral sentiment, with no clear momentum from bulls or bears. XRP’s price action reflects a holding pattern, awaiting stronger volume or external catalysts to define direction. A drop below $2.28 could test lower zones around $2.10, while a push above $2.60 would move the trend upward.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.