XRP News: Bulls Take Charge, Defending Key 2017-2018 Support Against Bears

XRP’s latest price action has caught the attention of the crypto community as it rebounded sharply from a historic support zone, signaling potential bullish momentum.

XRP Defends Key Support, Prepares for a Breakout

Renowned market analyst Javon Marks highlighted this development on X (formerly Twitter), stating:

“This Candlestick and Volume combo on XRP should tell it all. Sellers (Bears) were rejected at a level not seen since 2017-2018. The bulls showed a dominant presence, so despite the recent price action, they can be coming to dominate.”

After hitting the $1.9 to $2.0 range, XRP saw an aggressive push from buyers, triggering a sharp reversal. This key level, previously established during 2017-2018, served as a solid support, allowing bulls to step in and drive prices upward.

Currently, XRP is struggling to break past the $2.5 resistance, but with growing bullish sentiment, a decisive breakout could be on the horizon.

Whale Activity Driving XRP’s Volatility?

Despite the renewed bullish momentum, XRP has faced heavy selling pressure, leading to price fluctuations. CoinGecko data shows that XRP dropped 17.9% over the past week, settling around $2.21.

Analyst Ali Martinez revealed that whale investors offloaded over 370 million XRP within just 96 hours, fueling price instability.

Large whale movements often trigger volatility, as massive sell-offs create temporary bearish pressure.

However, XRP’s long-term outlook remains optimistic, especially in light of regulatory developments.

SEC vs. Ripple: A Game-Changer on the Horizon?

Adding to XRP’s potential bullish case, former SEC official John Reed Stark suggested that the U.S. Securities and Exchange Commission (SEC) is likely to drop its appeal in the ongoing Ripple lawsuit.

“Dropping of the SEC’s Ripple appeal next up for sure.” — John Reed Stark

If this prediction holds, it could mark a significant victory for Ripple, reinforcing investor confidence and potentially triggering a major rally for XRP.

What’s Next for XRP?

Key Levels to Watch:
Support: $1.9 – $2.0 (historical 2017-2018 level)
Resistance: $2.5 (major breakout zone)

If bulls manage to push past $2.5, XRP could be set for a strong continuation toward higher price targets. However, increased whale activity and market-wide conditions will play a crucial role in determining the next move.