Ripple’s native token, XRP, is trading at the $2.15 price level and is attracting little to no bullish sentiment. Its price remains rangebound for nearly a month as the stagnation period is yet to come to an end. After reaching a high of $3.31 in January this year, the leading altcoin is only moving backward in the charts.
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However, despite all the odds, XRP has dipped below the $2 mark only once this year in April as Trump announced tariffs on 185 countries. The leading altcoin quickly jumped back above $2 as the markets recovered due to the 90-day pause on tariffs. The development indicates that Ripple’s native token can find key support as the global markets are coming out of the uncertainty period.
XRP Might Not Fall Below $2 Again
XRP has been consolidating between $1.90 to $2.20 this year and has maintained the stance for nearly 200 days. Analysts from TradingView point out that the altcoin has similarities to 2017, where a consolidation period helped it surge in price. The token could soon bottom out around the $2 level and gear up for a price surge.
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Ripple’s XRP could gain momentum at this rate and revisit its resistance level of $2.30 and $2.45. The setup in price action replicates its 2017 success where it went from $0.006 to $2.21 in 10 months. If the altcoin can breach its resistance level and go above $2.45 and $2.5, the chances of XRP falling below the $2 mark remain slim.
It is best to accumulate the altcoin at these lower ranges and hold on until the resistance levels are broken. It could also face a similar rally again as it did between the end of 2024 and the start of 2025. The altcoin went from $0.50 to $3.31 in less than two months as it found a breakthrough in price.