Why XRP price is stuck in a two-year trading range as it eyes $1.58

XRP, the cryptocurrency used by the Ripple payment network, continues to trade within a long-standing range, with repeated rejections at resistance reinforcing rotational price action and keeping focus on key support near $1.58.

XRP (XRP) has remained locked in a broad trading range for nearly two years, with price action consistently respecting well-defined boundaries. Despite periods of heightened volatility, the market has failed to produce a decisive breakout or breakdown, resulting in persistent rotational behavior.

As the price now drifts back toward the lower end of the range, attention is once again shifting to the critical $1.58 support zone, a level that has historically acted as a reliable floor for XRP.

XRP price key technical points

• XRP remains range-bound between $1.58 support and $3.50 resistance
• Repeated rejections at the range high reinforce the rotational market structure
• $1.58 remains a key liquidity zone that could define the next rotation

The current XRP trading range was firmly established following an impulsive move and a successful retest in 2024. Since that point, price has oscillated between a range high near $3.50 and a range low around $1.58, repeatedly respecting both levels on a high-frequency basis.

This behavior is typical of mature ranges, in which neither buyers nor sellers can gain sustained control.

From a technical perspective, historical ranges of this magnitude typically remain valid until the price decisively breaks and holds beyond one of their boundaries on a closing basis. Until such confirmation occurs, price action is more likely to rotate within the range rather than trend directionally.

Recent price behavior has reinforced this structure. XRP’s most recent attempt to rally toward the upper boundary of the range was met with aggressive selling, triggering a sharp downside move. This rejection confirmed that supply remains active at higher prices, thereby preventing acceptance above the resistance level. Importantly, this move did not result in a structural breakdown, but instead pushed the price back toward the middle and lower portion of the range.

The $1.58 level plays a crucial role in this structure. It represents the lower boundary of the range and a region where liquidity has consistently accumulated over time. From a market-auction perspective, price often moves into these zones during corrective phases to clear resting orders and rebalance positions. A move toward $1.58 would allow XRP to absorb remaining downside liquidity created by recent selling pressure.

A test of $1.58 does not imply bearish continuation

In the long term, such moves represent normal rotational behavior rather than trend failure. Historically, XRP has often bounced from this level after liquidity is cleared, leading to renewed rotations back toward higher resistance.

Market structure also supports this interpretation. XRP continues to exhibit rotational characteristics rather than trending behavior, with price failing to establish higher highs or lower lows outside the range. 

This lack of directional conviction comes as broader altcoin markets, including XRP, BNB, SOL, and ADA, face pressure amid December trading volumes falling to 2025 lows, reinforcing the likelihood of continued consolidation.

XRP price action

As XRP continues to trade within its established range, rotational behavior is likely to persist. A move toward the $1.58 support would complete another range rotation and could set the stage for a rebound, provided the level holds on a closing basis.

A confirmed breakout would require a high-volume close above $3.50, while a sustained breakdown below $1.58 would signal a structural shift. Until either scenario occurs, XRP is expected to remain range-bound between $1.58 and $3.50.

Standard Chartered analyst Geoffrey Kendrick forecasts that XRP will reach $8 by 2026. The bullish outlook is driven by regulatory clarity around XRP and progress toward XRP-linked ETFs.

XRP is down by more than 9% year-to-date.