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The $XRP price has spent the past week struggling with bearish momentum, and the latest dip below the $2 price level has further added to the bearish sentiment. The cryptocurrency briefly slid under this psychological level in the past 24 hours, continuing a multi-week sequence of lower highs and lower lows.
Despite this pullback, one crypto analyst on X proposes that the current movement is not as alarming as it appears. His price chart, which maps $XRP’s weekly candles, shows the $XRP price falling to a familiar support area inside a larger descending channel.
$XRP Price Still Trading Inside A Year-Long Range
$XRP’s break below $2 might be the final blow for many bullish traders, but some are still holding on. In his breakdown, the analyst reminded followers that $XRP has been moving within the same broad range between $1.90 and $3.50 for nearly a year. According to him, the recent drop to the lower boundary of this range is simply the market revisiting an already-established zone.
He highlighted the green support region around $1.90, which has repeatedly prevented a deeper collapse throughout late 2024 and early 2025. The chart he shared shows $XRP’s weekly candles inching toward that support, touching the edge of the descending yellow channel that has shaped price action since the last major rejection near the red resistance band above $3.
Keeping this price action and the price range in mind, the analyst noted that nothing meaningful changes unless $XRP breaks below $1.90 A breakdown beneath this area, in his words, would send $XRP “back to McDonald’s,” which is a far more severe retracement. However, as long as the green support is in place, the ongoing decline can be categorized as noise inside a larger consolidation phase.
On the opposite end of the chart sits the $3.60 resistance. The red zone marking this area was tested earlier in the year but rejected strongly, creating the broad range $XRP has been stuck in ever since. Clearing this ceiling, the analyst said, would unlock what he called “the road to Valhalla.”
$XRP Price Chart. Source: @stedas On X
The Road To Valhalla: What Comes After A Break Above $3.6
If $XRP manages to break through the $3.60barrier, the analyst believes the path opens toward aggressive upside targets. His post listed potential milestones at $7, $12, and potentially even $25 if momentum expands into a full-scale rally. The yellow upward projection line in the chart illustrates how quickly $XRP could move once that resistance is flipped into support.
These price targets are consistent with mid-scale predictions by other analysts. $XRP price predictions on the high end range from three digits at $100, up until $1,000. At the time of writing, $XRP is trading at $1.96, down by 8% in the past 24 hours.