- XRP is down over 47% from its July all-time high of $3.65.
- The token is consolidating below $2 amid weak market-wide momentum.
- A Bitcoin breakout above $90,000 could help XRP reclaim higher levels.
XRP has always been known for sharp, sometimes brutal price swings. After spending years under pressure between late 2020 and the end of 2024, the token finally caught momentum as the SEC vs. Ripple lawsuit neared resolution. That surge pushed XRP to a new all-time high of $3.65 in July, its first peak in more than seven years, but the excitement faded quickly and prices have slid steadily since.
XRP’s Recent Price Action Shows Weak Follow-Through
Since topping out in July, XRP has dropped more than 47% from its highs and continues to struggle to regain traction. According to CoinGecko data, the token is down 0.1% over the last 24 hours, 4% on the weekly timeframe, 7.6% across 14 days, and nearly 13% since December 2024. Price action has tightened into a narrow range, with XRP hovering between $1.90 and $1.95, signaling consolidation rather than conviction.
Demand at $2 Remains Elusive
Despite XRP’s popularity, there appears to be limited buying pressure near the $2 level. The broader crypto market is also showing signs of fatigue, with Bitcoin struggling to break through resistance around $89,000. As BTC stalls, most altcoins, including XRP, have mirrored its sideways movement. Without a decisive move from Bitcoin, XRP may continue drifting below key psychological levels.
ETFs Haven’t Been Enough, Yet
XRP spot ETFs launched earlier this year and have already attracted more than $1 billion in inflows. While ETF activity has played a major role in shaping the 2025 crypto cycle, XRP’s inflows have not translated into sustained price appreciation. For XRP to convincingly reclaim $2, inflows would likely need to accelerate, or broader market sentiment would need to flip risk-on again.
What Could Push XRP Higher
A breakout above $2 is still possible before year-end, but the path likely runs through Bitcoin. If BTC can reclaim and hold the $90,000 level, momentum could spill over into XRP and other large-cap altcoins. Until then, XRP remains stuck in a holding pattern, waiting for a catalyst strong enough to shift sentiment.
