XRP News Today: XRP Consolidates 190 Days Awaiting Breakout

XRP, the cryptocurrency associated with Ripple, has been trading within a narrow range for an extended period, with prices fluctuating between $2.00 and $2.90 over the past 190 days. This prolonged consolidation phase has kept the cryptocurrency in a tight range, with no significant breakouts or breakdowns. Analysts suggest that such extended periods of low volatility often precede strong directional moves, indicating that a significant price shift may be on the horizon.

Market analyst Sjuul from AltCryptoGems highlighted that XRP has been trading within this range for 190 days, emphasizing that the longer the consolidation, the stronger the potential breakout. Chart analysis reveals a resistance barrier around $2.90, which has thwarted multiple rally attempts. Conversely, XRP has found strong support near $2.00, suggesting robust demand at lower levels. Technical indicators point to a potential breakout, particularly if XRP surpasses the $2.60 threshold.

Currently, XRP is trading at $2.20, reflecting a 1.88% decline over the last 24 hours and a 3.71% drop over the past week. Despite this mild bearish pressure, XRP continues to hold above the crucial $2.00 support level. According to Sjuul’s analysis, a breakout above $2.60 could propel XRP to test higher zones, with potential targets at $2.65 and $3.00. Conversely, if support breaks, the price could fall to $1.80 or even $1.70.

Recent developments around Ripple’s stablecoin, RLUSD, have added to the market’s optimism. RLUSD recently received approval from Dubai’s DFSA for use in the DIFC economic zone, positioning Ripple as the first blockchain-based payment provider in the region. This regulatory nod has enhanced Ripple’s presence and indirectly boosted attention toward XRP. The increased focus on utility-based tokens has helped XRP maintain relevance during uncertain price action.

Price forecasts suggest that XRP’s breakout may not occur until July or August 2025, aligning with broader technical signals pointing to continued range-bound movement in the short term. However, analysts remain attentive, as longer consolidations often produce sharp price action. Until XRP breaks out of its range, its price will likely continue fluctuating between key support and resistance levels. With rising volume, favorable regulatory news, and a 190-day consolidation, market pressure is building, setting the stage for a potential breakout in the coming months.