XRP Holds Strong Above $2 Trendline in New Market Cycle

XRP is showing promising resilience in the current market cycle, holding above a critical trendline that once signaled bearish reversals, according to a prominent analyst.

As leading cryptocurrencies like Bitcoin (BTC) pass the $100,000 mark and Ethereum (ETH) moves beyond $2,300, XRP is also seeing moderate upside. However, it still trades at the lower end of the $2 range, unable to surpass significant resistance zones. Despite this, analysts believe this cycle might be markedly different for XRP.

A pseudonymous market expert known as “Guy on the Earth” has emphasized XRP’s bullish structure based on a key horizontal trendline. This trendline, situated around the $2 level, was previously associated with major downturns, but XRP is now maintaining its position above it—a historic first.

To understand the significance, it’s helpful to revisit XRP’s explosive rally between March 2017 and January 2018. During this period, the asset surged by an eye-popping 68,990%, climbing from $0.0055 to an all-time high of $3.80. This rally saw XRP temporarily break through the $2 horizontal trendline. But soon after reaching its peak in January 2018, XRP sharply reversed course, falling below both the $3 and $2 thresholds.

Specifically, XRP initially crossed above $2 on December 30, 2017, but by January 13, 2018—just two weeks later—it had already dipped below it. The move turned $2 from a support level into a formidable resistance zone, a role it continued to play for almost seven years.

The analyst’s chart indicates that during several attempts—including one in April 2021 when XRP reached $1.96—the token was still unable to reclaim or hold the $2 barrier. That changed in December 2024. Following the market optimism spurred by Donald Trump’s victory in the most recent U.S. election, XRP finally surged above the $2 threshold. Significantly, it has managed to remain above this level for nearly five consecutive months, something it has never achieved before.

This development marks a critical shift in XRP’s broader market narrative. Where in past cycles the $2 mark acted as a ceiling, it appears to have now transformed into a floor—strengthening XRP’s bullish case.

In support of this trend, another analyst, EGRAG, pointed out in a December analysis that XRP’s support at $2 should ease bearish concerns. Even when the asset faces downward pressure, maintaining this level is a positive technical indicator.

While “Guy on the Earth” did not provide updated targets in his latest commentary, he remains bullish based on structural analysis. In earlier projections, he foresaw a climb to $3.30—already achieved—and a subsequent run to $5.30 as the next milestone and take-profit zone. Achieving this would mark another major breakout and underscore how different this cycle could be for XRP.

Related: Expert Advice: Sell XRP If You’re Confused

In essence, XRP’s ability to sustain value above the historically resistant $2 trendline sets the stage for potentially strong performance. Analysts argue that this market phase presents new dynamics, and XRP appears better poised than ever before to capture upward momentum. While price predictions remain speculative, the trendline resilience serves as a compelling foundation for bullish outlooks.