Since surging from $0.50 to $2.90 in late 2024, XRP has entered a lengthy consolidation phase, trading between $2 and $3 for over six months. Despite multiple attempts, the asset hasn’t been able to establish a firm foothold above $3, with a notable but brief breakout to $3.30 in January 2025.

On the downside, robust buying activity has repeatedly cushioned declines, holding the line around the $2 threshold even during sharper pullbacks to $1.60.

Technical Indicators Turn Bullish

On the technical side, XRP’s price movement on the 12-hour chart offers clues that a breakout may be approaching. The asset remains above the 200-period EMA, a level often used by traders to assess long-term momentum. Moreover, XRP recently posted a higher peak at $2.36, reinforcing its bullish structure.

A key descending resistance line connecting previous swing highs has formed a ceiling near $2.4. If bulls can push past this and establish support above $2.47, analysts argue it would set the stage for a move toward the $4 level.

Network Growth Signals Underlying Strength

Beyond the charts, XRP’s on-chain metrics suggest growing investor interest. The number of active addresses continues to rise, with over 360,000 unique addresses recorded in 2025—a record for the network. This increase in activity, particularly when prices are range-bound, often indicates latent demand and investor confidence.

As the XRP Ledger sees broader usage across various applications, analysts believe the network’s strengthening fundamentals may soon be reflected in price. Should bullish momentum build, breaking technical resistance, a rally toward $3 and eventually $4 may be within reach.

Read Also: Monero Rally Intensifies With Technicals Pointing to $489 Target