XRP Price Dips to $1.69: Analyst Sees End of Shakeout, Predicts Surge
LTB Analyst Spots Repeating Pattern as XRP Price Holds: Is the Shakeout Over?
XRP’s price plummeted nearly 20% to around $1.69, amid a broader crypto market decline of about 11%. Yet, according to top analyst Steph is Crypto, this dip might signal the end of a “shakeout” – a period of price volatility that clears out weaker investors.
- XRP price drops to $1.69
- Analyst identifies consolidation pattern
- Google search interest drops
XRP’s recent plunge has left many investors shaken, but Steph is Crypto sees a silver lining. From May 2024 to early May 2025, XRP has experienced two consolidation phases. The first phase, spanning from May to November 2024, saw XRP trading steadily between $0.35 and $0.70 before breaking out above $2.50. The second phase, starting in December 2024, has XRP moving back and forth between $1.30 and $2.80, recently dipping to $1.66 near the crucial support zone of $1.30-$1.50.
Despite the volatility, Steph is Crypto remains optimistic. If XRP can hold this critical support zone, it could signal the end of the shakeout, paving the way for another price surge. This optimism is bolstered by XRP’s utility in cross-border payments. RippleNet handles $1 billion in transactions each month, moving money in seconds for just a fraction of a cent, making it a formidable competitor to traditional systems like SWIFT.
Interestingly, Google search interest for XRP, which spiked in November 2024 alongside its price, has now returned to pre-rally levels. This drop in retail interest, according to Steph is Crypto, could be a golden buying opportunity for savvy investors:
SEARCH VOLUME FOR TERM “#XRP” IS DEAD RIGHT NOW.. THIS IS A GENERATIONAL BUYING OPPORTUNITY!
This sentiment finds support in the resilience of XRP’s community. In 2025, the number of XRP holders increased by 58,000, indicating strong underlying support. Furthermore, regulatory clarity has been a significant boost, with Ripple’s legal battle with the SEC concluding in 2025, providing much-needed investor confidence. This, coupled with a crypto-friendly administration taking office in January 2025, paints a promising picture for XRP’s future.
However, the crypto world is not without its pitfalls. Kretov from CoinPanel points out the thin market dynamics of XRP, where even smaller market orders can cause significant price swings. This volatility reminds us that while the potential for growth exists, the journey might be bumpy. And let’s not forget the often wild price predictions. While Standard Chartered’s Geoffrey Kendrick forecasts XRP could hit $12.50 by 2028, driven by regulatory clarity and potential ETF approvals, we should take these long-term projections with a healthy dose of skepticism. After all, predicting the crypto market is like trying to catch a greased pig at a county fair – it’s slippery and often ends in a mess.
Looking ahead, the anticipation of a spot XRP ETF approval by Q3 2025 could unlock significant institutional and retail investment, potentially flipping the script on XRP’s market position. Some analysts even suggest that XRP could overtake Ethereum in market cap by 2028, driven by its payment focus and regulatory tailwinds. But in the crypto world, nothing is guaranteed.
So, what does this mean for XRP? Let’s break it down:
- What is the current price of XRP?
XRP’s price has dropped to around $1.69 following a nearly 20% decline.
- What does the analyst Steph is Crypto suggest about XRP’s price movement?
Steph is Crypto suggests that XRP is in a second consolidation phase following a similar pattern to the first phase in 2024, hinting at a potential price increase if support levels hold.
- How does Google search interest relate to XRP’s price?
Google search interest for XRP surged alongside its price in November 2024 but has since declined to pre-rally levels, which might indicate a buying opportunity for larger investors during periods of low retail interest.
- What is the broader market context for XRP’s price drop?
The broader crypto market experienced an 11% decline, contributing to the subdued market sentiment and providing context for XRP’s price movement.
- What is the significance of the support zone for XRP?
The support zone of $1.30-$1.50 is crucial as XRP’s recent dip to $1.66 is near this level; holding this zone could signal the end of the shakeout and precede a price increase.
In the unpredictable world of crypto, XRP’s journey is a testament to resilience and potential. While the road ahead may be fraught with volatility, the underlying fundamentals and community support suggest that XRP might just be gearing up for another run. So, buckle up, crypto enthusiasts – the shakeout might be over, but the ride is far from finished.
