The sustained consolidation of XRP below $0.60 has drawn a fair share of criticisms, with select market players questioning the token’s long-term sustainability. However, a crypto trading expert views this as insignificant, noting that XRP’s long-term prospects remain intact.
This projection stems from the fact that the Ripple-affiliated token has been building a solid base since bottoming out in June 2022, supported by a rising trendline that continues to hold firm, according to Alan Santana, who made the observation in a TradingView post on September 26.
He noted that XRP has experienced 1,650 days of higher lows and extended consolidation, indicating what to expect in the next bull run. In this case, the upcoming bullish wave for XRP could see exponential gains, confirming the token’s strong potential in the long term.
“We have 833 days of accumulation and this is as good as it can get. 833 days of accumulation with more than 1,650 days of higher lows. This is all pointing to a very strong bull-market next. <…> We continue bullish on XRPUSDT. New All-Time High in 2025,” Santana noted.
According to Santana, while short-term fluctuations and corrections may occur, they remain insignificant in the grand scheme of XRP’s value. The expert pointed out that despite some bullish activity in 2023, XRP is still in its accumulation phase.
XRP’s key price targets
The analysis projects that XRP will target higher levels in the coming years, with the price potentially reaching $2 by 2025. XRP is expected to hold around $0.59 in the short term as the market accumulates before breaking out.
Santana further suggested that XRP could surpass its all-time high of $3.84, making the current accumulation period a significant opportunity for long-term holders.
This bullish sentiment is also shared by another analyst, Egrag Crypto, who, through an X post on September 28, called on XRP investors to exercise patience as the token gears up for a possible price rally.
Currently sitting around the $0.60 spot, the expert noted that investors should keep their eyes on the resistance range of $0.64 to $0.65. A solid close above this zone would likely signal a bullish reversal, turning this range into strong support.
Once this level is secured, XRP could rapidly hit its next micro-target of $0.75, which many see as the launchpad for a significant rally toward the coveted $1 mark—and potentially beyond.
XRP’s fundamentals
It’s worth noting that most of XRP’s troubles, characterized by its failure to break out of a consolidation zone, have been linked to uncertainty surrounding Ripple and the Securities and Exchange Commission (SEC) case.
Although Ripple was fined $125 million for violating securities laws in the case ruling, the XRP community remains on edge regarding a possible appeal by the regulator, which has until early October to contest the outcome. If the final legal decision favors Ripple, XRP will have a further upper hand, with the potential to benefit from the highly anticipated altcoin season.
Meanwhile, experts such as pseudonymous crypto market analyst Mikybull Crypto believe XRP’s current position can be likened to a “time bomb waiting to explode.” At the same time, artificial intelligence (AI) tools such as those leveraged by PricePredictions foresee XRP undergoing bullish momentum, potentially trading at $0.66 by October 1.
XRP price analysis
At press time, XRP was trading at $0.61, with daily gains of over 4%. On the weekly chart, the token was up by 4%.
At its current price, XRP is showing optimistic sentiment. The token is trading above the 50-day simple moving average (SMA) of $0.57 and its 200-day SMA of $0.55. Therefore, it can summed that XRP is under the control of buyers as the metric signals bullish momentum both in the short and long term.
At the same time, with a neutral 14-day Relative Strength Index (RSI) at 58.32, the asset is neither overbought nor oversold. With the bullish momentum, XRP investors should monitor the price trajectory around the $0.60 zone, as a break in either direction could be consequential.