Is a New XRP Surge on the Horizon? Analyst Claims This Cycle is Distinctive

Investors in XRP are focusing on an important price threshold this week. Bitcoin has successfully surpassed the $100,000 mark, and Ethereum is trading above $2,300. XRP has seen a slight rise as well, yet it remains near the lower end of the $2 range. According to a market analyst known as “Guy on the Earth,” XRP has consistently stayed above a key horizontal trendline positioned at $2.

Historical Price Volatility

In March 2017, XRP experienced a significant price surge, climbing from $0.0055 to reach a peak of $3.80. After hitting this all-time high in January 2018, the price dropped sharply. XRP first crossed the $2 mark on December 30, 2017, but by January 13, 2018, it fell back below that level. This initial encounter showed that the $2 point acted more as a barrier for new investors than as a support level.

Unsuccessful Breaks Following Rallies

XRP made another attempt to surpass the $2 threshold in April 2021, peaking at $1.96 without sustaining its progress. From January 2018 to December 2024, the $2 line served as a persistent resistance that traders observed for nearly seven years. Each time XRP approached this ceiling, it retreated back into the $1 range.

Recent Break Above Two

Reports indicate that XRP successfully crossed the $2 trendline in December 2024, coinciding with a general bullish trend in the markets. Since then, the coin has remained above this level for nearly five months, a first in its history. Although its recovery has not been as rapid as that of Bitcoin or Ethereum, maintaining this position for an extended period feels significant.

Analyst Predictions And Cautions

According to “Guy on the Earth,” sustaining a position above $2 would set the stage for higher prices. He had earlier foreseen a rise to $3.30, which has already come to pass. His next target is $5.30, where he suggests traders consider taking profits. He asserts that “this time is different” for XRP.

Broader Risks And Perspective

The price trajectory is just one aspect of the overall picture. Ripple’s ongoing legal challenges with the SEC and updates in cryptocurrency regulations play a crucial role. On-chain metrics, such as the number of active accounts and substantial transfers, provide context for the significance of maintaining the $2 level.

Traders should remain vigilant for sudden spikes in daily trading volume around this price point. If XRP dips below $1.80 on a daily chart, some analysts may deem the setup invalid. However, many currently interpret XRP’s sustained movement above $2 as an indication that its forthcoming phase could surpass previous performance.