XRP News Today: XRP Consolidates Above $0.60 After 384.62% Surge

XRP, the cryptocurrency associated with Ripple, has been holding firm above its breakout level, forming higher lows and compressing in a classic bullish consolidation pattern. This technical structure suggests strength despite a decline in new address counts, which has led to questions about the sustainability of its current price trajectory. The cryptocurrency has spent weeks consolidating just above the $0.60 level, acting as the new multi-year support floor. XRP’s price recently surged 384.62%, climbing from $0.32 to $1.54 in 364 days before pausing in a clear range. This phase echoes earlier patterns where long consolidations preceded large upside expansions.

Assessing XRP’s macro behavior reveals a market that thrives on structural repetition and breakout timing. During its early cycle, XRP gained 1,474.07%, jumping from $0.006 to $0.10 across 854 days, or 154 bars. It later extended to $3.31 in a historic vertical move that completed the higher-high formation. That run reversed sharply, but XRP found support and printed a higher low bullish textbook signal. The coin then traded inside a tight $0.10 to $0.30 range for 1,370 days, until it decisively flipped resistance into new support. This shift has changed the technical landscape. XRP now holds its ground above the breakout, building pressure inside a tightening consolidation. The structure has compressed volume and range, forming a recognizable accumulation zone often seen before rallies. Traders are watching this consolidation closely, many framing it as another setup in XRP’s repetitive cycle of expansion and rest.

XRP’s on-chain footprint tells another side of the story. Between 18 September and 15 June, network activity surged then fell sharply. As the price climbed toward $2.50, XRP’s daily new addresses jumped to nearly 30,000. Yet after that peak, network growth tapered, even while XRP held above $2.00. This shift raises valid structural questions. Can XRP sustain higher prices without fresh network momentum? Or is the declining address count a sign of short-term exhaustion? Despite the drop, XRP still logs between 2,500 and 4,000 daily addresses, which is much more than pre-rally levels. The technical structure, however, remains constructive. XRP continues to respect its breakout level and maintain higher lows across every retrace. That’s a bullish signature in macro formations. Price action within the yellow-circled zone also reflects measured consolidation, not panic.

The cryptocurrency is at a critical stage, compressing, holding support, and awaiting confirmation. The longer this range holds, the stronger the base may become. Traders will now look for decisive direction, either a continuation or a retest, built on clear market structure. The current range mirrors past accumulation zones, where long consolidation periods often led to explosive directional moves. This setup resembles XRP’s previous macro cycles, sparking interest in a potential continuation phase from current levels. The cryptocurrency's price has been showing signs of recovery, and there is still room for further price growth. However, the overall demand for XRP remains significantly weak, casting serious doubts on the sustainability of the current bullish momentum. The cryptocurrency's price may be poised for a significant breakout as whales have been accumulating XRP, signaling potential for a price surge. However, the resistance at $2.72 remains a significant hurdle, and if rejected, XRP could drop to $1.96. Breaking above $2.72 could push it toward $3.40.