XRP has consistently closed above the $2 mark for nine consecutive months, defying bearish pressure and showcasing its long-term resilience within the broader cryptocurrency market.

Consistent Strength Amid Crypto Market Weakness

Despite facing downward trends in recent weeks, XRP has continued to demonstrate strength. In the past month alone, the token has dropped nearly 10%, slipping below $3 and $2.90, with recent price battles occurring around the $2.80 level. This dip mirrors a broader decline across the cryptocurrency space, which has shed over $410 billion in value since its last peak.

The persistent correction has prompted concern among some XRP holders. In particular, crypto personality Bitlord suggested he would exit his XRP holdings entirely if the token revisits a $2 valuation. At the time of his statement, XRP was trading at $2.82, fueling debate within the community about future expectations.

Long-Term Breakout from Historical Lows

Despite these concerns, recent market data shared by XRP advocate Saul reveals that XRP is performing significantly better compared to past years. Before November 2024, XRP’s highest monthly close had been $1.99, a milestone reached during the euphoric rally of December 2017. In that month alone, XRP surged over 746%, hitting a high of $2.47 before closing December at just $1.12, after peaking earlier that same month at $3.31.

From late 2017 through late 2024, XRP failed to close a single month above $1.99. This seven-year stagnation was finally broken in December 2024, when the token rallied following the U.S. elections to hit a high of $2.90 and closed the year at $2.07—its highest monthly closing price ever.

Chart showing XRP’s monthly performance, highlighting its streak of closing above $2 since late 2024.

Maintaining Momentum in a Volatile Landscape

Since that breakout, XRP has remained above the $2 monthly close threshold for each of the following nine months, even as the market faces ongoing bearish cycles. In January 2025, XRP achieved its highest monthly close ever, surpassing $3, according to data from The Crypto Basic.

This consistent performance, amid broader market contractions, is seen by analysts as a strong testament to XRP’s resilience and potential readiness for a price breakout once bullish momentum returns to the market. XRP’s ability to hold key levels, even in prolonged downturns, marks a shift from its earlier volatility and inconsistent track record.

What Analysts Are Saying

Market commentator DustyBC recently stated that he has been aggressively buying XRP during each dip. He compared the current $2–$3 price territory with XRP’s previous long-term support range between $0.45 and $0.55—a zone where the token consolidated for an extended period before breaking out. If history repeats, XRP may be positioning itself for another major rally.

Related: XRP Price: $12M Max Pain for Bears

As the crypto market waits for clearer direction, XRP’s ability to sustain monthly closes above $2 marks a significant psychological and technical strength. Analysts suggest this could be the foundation for a renewed uptrend, possibly leading to higher targets if market sentiment shifts.