XRP Price Consolidates Above $2.25 as Market Cap Analysis Points to Larger Moves

XRP price continues to trade above the $2.25 level as it consolidates recent gains. The cryptocurrency reached a high of $2.3294 before correcting lower.

XRP price has been consolidating recent gains above the $2.25 level. The cryptocurrency reached a high of $2.3294 before correcting lower.

Its price remains above the 100-hourly Simple Moving Average and the $2.25 support zone. A bullish trend line has formed with support at $2.2750 on the hourly chart.

However, technical indicators are showing mixed signals in the short term. The hourly MACD is losing pace in the bullish zone.

On the other hand, the RSI has dropped below the 50 level. A move above the 50 level often indicates that the rally has more room.

Larger Moves in Store As XRP Holds Above Previous All-Time High

Market cap technician EGRAG Crypto has identified a W pattern formation on XRP’s monthly market cap chart. This pattern suggests potential for substantial upside movement.

#XRP – Market Cap to $1.5T? ONLY FEW 🧠:

🔳Yes, ONLY FEW 🧠 grasping the Market Cap (MC) isn’t just the money injected into #XRP. It’s a mere representation of XRP’s value at a certain price point. 💡

Many #XRPCommunity GURUS have explained that for every $1 injected, the… pic.twitter.com/7izVpTe9tL

— EGRAG CRYPTO (@egragcrypto) June 10, 2025

The W formation began developing in 2018 when XRP’s market cap fell from 128.5B to 5B in March 2020.

The pattern continued with another peak at 89B in April 2021. After dropping to 13.88B in June 2022, the market cap recovered to reach a new all-time high of 195B in January 2025. This completed the W formation structure.

Currently, XRP’s market cap trades between 120B and 145B. The cryptocurrency holds above the previous all-time high of 130B from December 2024.

Price Targets and Levels to Watch

For immediate price action, XRP faces resistance near $2.30. The first major resistance sits at $2.320, followed by $2.350.

A clear move above $2.350 could push the price toward $2.40. Further gains might target $2.420 or $2.450 in the near term.

The analysis presents multiple upside scenarios based on the W formation. A measured move approach suggests a target market cap of $270B, which equals an XRP price of $4.50.

The logarithmic move from the W pattern points to a potential $1.5 trillion market cap. This would correspond to an XRP price of $25, representing a 991% increase from current levels.

Historical pattern analysis from 2017 suggests another target. If XRP rallies 242% from current Fib levels, the market cap could reach $450B, translating to a price of $7.60.

A third approach using the 2018 peak and 2020 low projects a market cap target of $978B. This scenario would push XRP to $17 per token.

Support levels remain at $2.2750 and $2.250 for the downside. A break below $2.250 could lead to further decline toward $2.220 and $2.20.

The next major resistance level for bulls stands at $2.50 if upward momentum continues.

XRP’s price action will depend on whether it can clear the immediate $2.30 resistance zone.

Its market cap recently retested the W pattern breakout level during the current consolidation phase around $2.29.