They Called XRP Dead, But These Charts Say Otherwise

The XRP price has gone through a full emotional cycle over the years. It was dismissed after the 2018 peak, spent years grinding through a long downturn, and then came back strongly in 2023 with a move that caught many off guard.

That rally pushed XRP back above $3 at its peak, before cooling off again and settling closer to $1.40 today. What’s interesting is how the current level isn’t showing signs of collapse, but more like a reset after a strong expansion phase.

Even after the pullback, XRP is still holding above deeper long-term zones that were built during earlier accumulation phases. That keeps the broader structure intact rather than broken.

XRP Price Is Moving Inside a Wide Cycle Structure

Looking at the chart shared by TheCryptoBasic, the XRP price is still working inside a long cycle that started years ago. The chart shows a huge cup-and-handle formation that has taken shape over multiple market phases.

The left side formed near the 2018 peak, the bottom came during the long bear market, and the right side was built during the recovery back toward $3. Now the price is working through the handle, which is basically a tightening range between roughly $1.15 and $1.70.

This area is important because it usually acts as the final consolidation before a larger move. The key level above remains around $3.00–$3.40, which has acted as resistance more than once in past cycles.

Read Also: XRP Price News: ETF Flows Hit Zero After April’s $82M – But 3 Binary Catalysts Loom in Next 60 Days

XRP Price Range Feels Tight as Market Waits for Direction

Right now, the XRP price is basically moving in a pretty clear range, and you can feel that back-and-forth in the chart shared by Crypto Patel. Buyers keep stepping in around $1.30–$1.35, while sellers are still showing up near $1.50. Neither side is really winning at the moment.

What makes this interesting is how “calm” it looks compared to the bigger swings XRP is known for. The XRP price isn’t stretched in any direction, and momentum feels balanced. It’s more of a waiting game than a strong trend right now, like the market is holding its breath for the next push.

Zooming out a bit, XRP is still working through a larger recovery phase after the big drop from the $3+ region. The $1.40 area has been acting more like a reset zone than anything else, where the price is trying to stabilize and rebuild structure.

For now, the key levels are still pretty clear. If the XRP price can stay above support, attention naturally shifts back toward $1.50 and $1.57, where price has already struggled before. A clean move through that area would be the first real sign that buyers are starting to take control again.

XRP News Shows a Shift Toward Slow Institutional Building

Ripple’s CEO recently made it clear that an IPO isn’t on the table right now. Instead, the focus is on building out adoption, improving infrastructure, and tightening compliance. In simple terms, the company seems more interested in strengthening the foundation than chasing a public listing for now.

On the institutional side, things have cooled a bit. XRP ETFs have ended a short streak of inflows and slipped into mild outflows. Nothing dramatic, but it does show that demand has taken a breather, and liquidity is a bit lighter than it was recently.

At the same time, there are still signs of longer-term positioning. Evernorth, a major XRP treasury initiative, is bringing in experienced financial leadership to help manage large-scale XRP exposure in a more structured way. That kind of move doesn’t usually impact price right away, but it does add weight to the institutional setup forming around XRP.

Put together, the XRP price backdrop is in a quiet phase right now. Short-term demand has cooled slightly, but the deeper build-out on the institutional and corporate side is still moving forward in the background.

XRP Price Outlook Still Depends on the Bigger Break

What makes this setup interesting is the gap between the short-term range and the long-term structure. On one hand, XRP is stuck between support and resistance in the $1 range. On the other, the chart still points to a full cycle that hasn’t been completed yet.

The XRP price has already proven it can deliver strong moves when conditions line up. The next major confirmation would come if price eventually breaks and holds above the $3.00–$3.40 region.

Until then, XRP is basically in a waiting phase. The structure is intact, the range is clear, and the market is still deciding whether this is just consolidation or the start of the next bigger leg.

FAQs

Is XRP still in a larger recovery trend

Yes. Even with short-term range trading, the XRP price is still working through a broader recovery after its previous major decline, with longer-term structure still in play.

What is happening with XRP right now

Right now, the XRP price is moving inside a tight range where buyers are defending lower levels around $1.30–$1.35, while sellers keep pressure near $1.50. It’s a balanced phase where the market hasn’t picked a clear direction yet, and price is mainly reacting to these two key zones while waiting for a stronger catalyst.