XRP Returns to the Peak: Will Surpassing the $2 Barrier Rewrite Its History?

XRP starts January with a strong rally surpassing the $2 mark and heading towards $2.4. However, since then, this cryptocurrency has struggled to maintain its upward momentum. Now, attention has shifted to a familiar and hard-to-change technical support and resistance level, a level that has shaped XRP’s history as a resistance and support threshold for many years. In a recent post on X, crypto analyst Steph emphasized this level and its importance as a key point in relation to the latest price outlook for this cryptocurrency. A Historic Resistance Zone Marked in History Technical analysis of XRP’s price on the 12-month candlestick timeframe focuses on the price range that has haunted this cryptocurrency since 2017. According to crypto analyst Steph, every major cyclical rally has stalled around the $2 level, making it a significant long-term resistance zone for this cryptocurrency. This pattern is meaningful and not a random price target. When the price accumulates below a resistance level for many years, the built-up pressure can trigger a strong rally once the final resistance is broken. According to Steph, consecutive closes above $2 on the 1-year timeframe would indicate that long-term supply has been exhausted and could open the door for a much stronger revaluation of XRP. This view aligns with recent chart developments. XRP surged above $2.40 in a very short period in early January but failed to sustain the rally, falling back to the mid-$2 region after sellers re-entered the market. The current price shows this cryptocurrency trading around the $2 level at $2.09. What Could a Breakout Mean for the Next Chapter? The challenge for XRP is not whether it can trade above $2, because it has already done so. The coin maintained prices above this level for most of the first half of 2025, ultimately pushing the price to an all-time high of $3.65. The issue is that XRP continually tends to return to the $2 zone over time, making it a recurring support and resistance point. This behavior has caused some breakout attempts to appear as long upper shadows on the 12-month candlestick chart, followed by reversals back to the mean. The key now is not a short-term rally above $2, but whether XRP can break that level and hold higher on larger timeframes. A sustained close above $2 would mean that supply at this level is finally being absorbed. Such a result would be a significant milestone in XRP’s long-term structure. However, before that happens, XRP’s price still needs to consolidate strength on the medium-term timeframe. It is crucial whether the $2 level can shift from resistance to support in the coming weeks and months. If the price convincingly breaks through the $2 mark, it could establish another platform at a higher price level. According to Steph’s forecast, such a structural change could open opportunities for a strong rally in XRP, with a potential target as high as $30.