XRP News: Future of XRP’s Price Hangs in the Balance as It Struggles to Hold $2

The cryptocurrency market is always volatile, and XRP is currently at a critical juncture. Despite the strong fundamentals of the XRP Ledger network, XRP’s price action has been fragile. Here’s a closer look at the current situation and what it means for the future of XRP’s price.

XRP at a crossroads: Can it hold $2 or plunge to $1.5?

XRP’s price action remained fragile despite the fundamentally strong XRP Ledger network. Ripple [XRP] surged 34% in a single day but a sharp 18.79% drop the next day wiped out most gains. Now, XRP is battling to hold the psychological $2.00 level, with concerns of a slide toward $1.50. With active addresses down 50%, MACD turning bearish, and market sentiment weak, the future of XRP’s price is uncertain.

XRP Price Retraces Gains, Critical Support Levels Highlighted

The XRP price has retraced and lost gains from its Sunday rally following Trump’s announcement about including the crypto in the strategic reserve. Crypto analyst Trade City has identified $3.06717 and $1.67220 as critical support levels for XRP on the weekly timeframe. The analyst noted that after bouncing along the ascending trendline, XRP confirmed its breakout above $0.73056, sparking a bullish trend that sent the crypto up to $3.06717, which is its all-time high.

Ripple’s XRP SEC Case Ongoing Amid Dismissal Spree

The court battle between Ripple Labs and the US Securities and Exchange Commission (SEC) has dragged on for over four years. This year, the XRP community felt that the case might finally come to a close, but it hasn’t. The SEC has been backing away from its aggressive enforcement approach toward the crypto industry since President Trump’s return, which was seen under the Biden administration led by former chair Gary Gensler. Other institutions like Coinbase, Kraken, and OpenSea have been cleared of SEC lawsuits.

Ripple Co-Founder’s Dormant XRP Holdings Reactivate

A blockchain investigator discovered that Ripple co-founder Chris Larsen has over 2.7 billion XRP in dormant wallets, worth approximately $7.18 billion. These wallets were idle for six to seven years before reactivating in January 2025. More than $109 million in XRP transactions were registered, with the funds being sent to prominent exchanges such as Coinbase, Bitstamp, and Bybit. This unexpected activity has raised doubts regarding the timing and purpose of the transfers.