XRP News Today: XRP Holders Weather Correction as Token Breaks Six-Year Consolidation Eyes $5.50 Price Targets

Renowned trader Crypto Lord recently asserted that a recent price correction in XRP failed to trigger a significant sell-off among holders, signaling resilience in the token’s long-term support base [1]. His commentary, shared on X, highlighted that investors remained unfazed by volatility, a development analysts argue could reinforce XRP’s bullish momentum. The token, which recently broke out of a six-year consolidation pattern, has seen renewed interest amid speculation about regulatory clarity and institutional adoption.

XRP’s price trajectory has shown mixed signals in recent weeks. After surging to $3.64, the asset retreated to a range of $3.16–$3.20, maintaining a critical support level above $3.00 despite broader market turbulence. Technical analysts suggest the pullback, driven by profit-taking, does not detract from the token’s long-term potential, particularly if it sustains momentum above $3.50 resistance [1]. Standard Chartered and other institutions have reiterated medium-term price targets in the $5.50–$6.00 range, citing Ripple’s cross-border payment solutions and evolving U.S. crypto regulations as key drivers [1].

Institutional catalysts are also shaping the narrative. Rumors of potential XRP spot ETFs involving firms like BlackRock and Grayscale have fueled optimism, while legislative developments—such as the proposed GENIUS Act and anticipated regulatory reforms under President Trump—have added speculative weight to the asset’s future adoption [1]. These factors, combined with growing interest in crypto inclusion in retirement plans, could accelerate institutional inflows and volume.

Crypto Lord’s observation that holders avoided panic selling during the dip underscores a shift in investor sentiment. Unlike previous cycles, where similar price pressures led to steep declines, current behavior suggests a more mature and patient investor base. This resilience, analysts argue, strengthens XRP’s foundational support and aligns with broader expectations of regulatory clarity as a catalyst for price appreciation [1].

Looking ahead, the token’s immediate outlook hinges on its ability to break above $3.60. A successful rally could test levels near $5.00, while a failure to hold above $3.00 might trigger a correction toward $2.60–$2.20. However, market dynamics will also be influenced by Bitcoin’s performance and broader macroeconomic conditions. For now, the latest shakeout appears to have solidified XRP’s bullish narrative, with holders demonstrating conviction that could prove pivotal in upcoming price action [1].

Source:

[1] ["Legendary Trader Says XRP Shakeout Was Unsuccessful. Here’s What This Means for Holders"](https://timestabloid.com/legendary-trader-says-xrp-shakeout-was-unsuccessful-heres-what-this-means-for-holders/)