Can XRP Still Surprise the Market?

XRP has already shown it can break expectations — but could another major leap be on the horizon?

Can crypto behemoth XRP still surprise the market with another major move? Crypto trader and analyst Scott Melker weighs in on the token’s next chapter.

While XRP has already shown it can break expectations, sustaining another leg up might require more than just momentum, according to Melker.

In a recent analysis, the trader broke down several factors that contributed to XRP’s rally. One of the biggest was the long-awaited regulatory clarity that came after a court ruled XRP isn’t a security. This decision, he said, helped remove a massive weight from the asset, giving it space to rise and re-enter investor portfolios.

However, Melker argued that to sustain another leg up, XRP will need a fresh narrative to capture attention—a spark beyond legal wins and ETF speculation. He noted that the market has already priced in the good news.

On the other hand, the door isn’t completely closed yet on a potential settlement between Ripple and the SEC. A proposed settlement that would have seen Ripple pay a reduced penalty of $50 million hit a snag when Judge Analisa Torres stated that the conditions didn’t meet legal standards.

Technically, analyst Ted Pillow at TradingView identified signs of a continuation. XRP recently broke above a descending resistance trend and now rests on a key support level. If buying pressure persists, the asset could aim for the $2.9 to $3.0 zone. Conversely, failure to maintain current levels might pull it back towards previous lows in the $1.8 to $1.9 range.

Overall, XRP’s path forward will likely depend less on charts and more on whether it can capture the imagination of the market once again. As Melker put it, the token’s ability to rally despite skepticism and negativity is a testament to its resilience and potential for more upside.