XRP News: Analyst Predicts XRP Breakout—Is $2.80 the Next Target?

XRP may have room for further price gains, according to market analyst Dom. He believes current market behavior and past price trends suggest the asset could move higher.

In his latest analysis, Dom noted that XRP has often experienced rapid spikes followed by immediate declines at previous cycle tops. However, the current price action differs from those past patterns. XRP has remained above the $2 mark for months, which he believes signals price stability rather than a market top.

Historical Price Trends and Market Behavior

XRP has displayed a trend of rapid surges succeeded by significant declines in previous cycles. In December 2013, it climbed to $0.0614 before declining to $0.00281. A comparable shift took place in December 2014, when XRP increased to $0.02803 before rapidly dropping. The pattern repeated in January 2018, as XRP reached $3.80 prior to a significant decline.

Recently, XRP hit $1.96 in April 2021 and $0.95 in July 2023, but experienced swift pullbacks on both occasions. Dom suggests that these swift reversals indicate previous market peaks did not have lasting consensus on price points, resulting in quick sell-offs.

XRP Holds Above $2 Amid Resistance

Unlike previous cycles, XRP has maintained its position above $2 for nearly three months. Dom considers this prolonged stability a bullish indicator. He noted that “the longer price spends time at a level, it’s always just reflective of how much market participants agree on that price.”

$XRP

There's one reason I will be pretty surprised if $XRP does not go higher this year, read along –

Every time $XRP has historically put in a multi month or year top, it did it quickly (as shown below)

Essentially, it never showed any mid term acceptance at those higher… pic.twitter.com/RahjM2xHwz

— Dom (@traderview2) March 24, 2025

Despite repeated rejections at the $2.6 to $2.8 resistance range, XRP has not collapsed as it did in past cycles. Instead, buyers continue to absorb selling pressure, supporting prices near $2.43. Dom believes this market behavior increases the chance of a breakout.

Volume Trends and Market Stability

Past XRP cycles have been marked by high trading volume during price spikes, followed by a rapid drop-off as selling pressure increased. Dom pointed out that this time, volume remains steady, suggesting that traders are still engaged at current prices.

If XRP were forming another cycle top, he noted that volume would likely have faded by now, leading to a sharp price drop. Instead, demand appears to be holding up, which could provide support for another move higher.

Ongoing Legal Developments and Market Sentiment

At the same time, XRP’s price movement occurs as Ripple approaches resolving its prolonged legal battle with the U.S. Securities and Exchange Commission (SEC).

As reported by Coinfomania, Ripple has come to an agreement with the SEC to withdraw its cross-appeal in the legal case. Ripple’s Chief Legal Officer, Stuart Alderoty, verified the information, labeling it his “final update on the lawsuit.”

The legal battle initially resulted in a $125 million fine and restrictions on institutional XRP sales. However, with the new settlement, Ripple will pay a reduced fine of $50 million, and the SEC has agreed to request the removal of the sales restriction.

With XRP maintaining its current price levels and legal uncertainties clearing up, analysts continue to watch whether the asset can break above $2.80 in the near future.