The XRP market is showing signs of strength that some crypto analysts say look similar to bitcoin’s chart just before it exploded past $100,000 in late 2024.

After spending months consolidating between $2.00 and $2.40, XRP could be nearing the end of its quiet phase, with a breakout potentially just weeks away.

XRP Mirrors Bitcoin’s Old Moves

When Bitcoin refused to drop below $70,000 despite bearish indicators late last year, few expected the sudden surge to $100,000. XRP is now showing similar resilience. Despite bearish signals on technical indicators, XRP continues to trade sideways rather than retreat.

This type of price behavior, where an asset holds firm despite pressure to drop, is often seen as a bullish signal. It suggests that sellers are running out of steam and that a new rally could follow.

Source: CoinMarketCap

Crypto analyst Egrag Crypto says XRP’s price action has formed a symmetrical triangle pattern on the monthly chart. Such patterns typically resolve before 95% of their duration completes, and in XRP’s case, the consolidation has lasted 334 days.

“XRP breakout is coming,” Egrag said on X, predicting that the move could happen as early as July or by mid-September. He bases the timeline on pattern duration, with 75% and 95% targets aligning with those months.

Another analyst, DustyBC Crypto, echoed the sentiment. “XRP under $2 is incredibly cheap,” he posted, urging followers to revisit his prediction by December. He expects XRP to trade significantly higher within six months.

XRP Price Today is Below $2.2

For XRP to make a clean upward move, analysts say it must first clear the $2.22–$2.40 resistance zone. This area, defined by the 100- and 200-day simple moving averages, has capped every upward attempt since January.

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A strong close above this zone could reopen the path to $3.00—and possibly a retest of the seven-year high of $3.40 reached earlier this year. Without breaking this resistance, the symmetrical triangle may continue to trap price action.

Price Predictions

Several crypto commentators have put forward bold price predictions. XForceGlobal, using Elliott Wave theory, forecasts a $10–$20 range for early 2026. Even conservative voices peg a $9 target before the year ends.

These forecasts, while speculative, reflect a growing belief that XRP is no longer “cheap” under $2. With past dips quickly reversing and bears struggling to break below $1.60, traders increasingly view XRP’s price floor as solid.

Despite the optimism, XRP has not yet escaped its trading range. Every move below $2 in the last seven months has reversed quickly. But each failure to break above $2.40 leaves bulls waiting. Still, for some in the market, the comparisons to bitcoin’s late 2024 surge are reason enough to keep watching.

“Bookmark this post, look back in 6 months,” DustyBC said. If the historical playbook is any guide, that could be just the right time to judge whether XRP was truly “cheap” at $2.