Is XRP price around $2 an opportunity or the bull market’s end? Analysts weigh in
Some analysts predict a drop below $2, but prevailing bullish continuation and fractal chart patterns are hinting at a long-term target toward $12.50.
XRP (XRP) has dropped nearly 40% to around $2.19, two months after hitting a multi-year high of $3.40. The cryptocurrency is tracking a broader market sell-off driven by President Donald Trump’s trade war despite bullish news like the SEC dropping its case against Ripple.
XRP/USD daily price chart. Source: TradingView
However, XRP is still up 350% from its November 2024 low of $0.50, suggesting a consolidation phase after a strong rally. This sideways action has sparked discussions over whether it’s the end of the bull run or a prime buying opportunity.