XRP is currently priced at $2.47. The asset has seen a gain of 5% in the last 24 hours, though it remains 5% down for the week.

Experts are monitoring significant price levels, historical trends, and trading actions, indicating that XRP might be entering a new market phase.

Price Retains a Long-Term Demand Zone

Reputable trader and analyst EtherNasyonaL shared insights from a long-term perspective using an inverted monthly chart to underscore significant structural patterns. The chart emphasizes a demand area evolving from the 2018 peak resistance, which is now serving as support.

XRP has oscillated within this zone for months, repeatedly testing the lower limit without breaking down. The analyst remarked that XRP is “gathering strength” and believes “the next major move is being prepared to the upside.” In the non-inverted perspective, the structure resembles a rounded bottom, often associated with trend reversals.

Source: EtherNasyonaL/X

Six-Month Chart Indicates Higher Targets

Another analyst, ChartNerd, presented a six-month candle chart incorporating Fibonacci extensions to illustrate potential upcoming stages for XRP. Although there was a recent upper wick, the chart reflects no trend alterations. Higher lows and higher highs continue to be established.

Remarkably, the analysis suggests potential price targets at $5, $8.59, $13.93, and $27.88, influenced by past cycles and extension levels. The report states that the structure shows no signs of deterioration, further leaning towards continuation.

Source: ChartNerd/X

Sentiment Declines to Yearly Low

Steph Is Crypto reviewed the Net Unrealized Profit and Loss (NUPL) for XRP’s short-term holders. The chart indicates that these holders have fallen into significantly negative territory, decreasing to -0.20, the lowest recorded over the past year.

Previously observed dips within this “capitulation” zone occurred in October 2024, March 2025, and June 2025, coinciding with market lows. The analyst cautioned:

“This is absolutely the worst time to exit.”

Additionally, a recent chart from Cryptoinsightuk mapped XRP’s liquidity zones on a daily timeframe. The most bustling region sits between $2.20 and $2.80, which has sustained support. Above the current price, liquidity could build near $3.00 to $3.40 as potential testing levels if prices increase.

Moreover, CryptoPotato reported that wallets holding over 10,000 XRP have surged to an all-time high of 317,500. This trend has been consistent for nearly a year, with a brief pause in late 2024. Analysts noted that the prevailing pattern aligns with a possible Wave 4 consolidation under Elliott Wave Theory.