- Since November 2024, XRP has tested the $2 mark eight times without a single daily close below it, establishing it as a strong support level.
- This resilience is fueled by optimism surrounding the Ripple lawsuit resolution, potential ETF approval, and inclusion in the U.S. digital asset reserve.
Since November 2024, $2 has emerged as a critical support level for XRP, echoing the way $0.50 served as a strong price floor during the height of the SEC v. Ripple legal saga in early 2024. While $0.50 previously acted as a cushion during regulatory uncertainty, $2 has now taken center stage in the coin’s latest chapter of resilience.
During the first half of 2024, XRP repeatedly bounced off the $0.50 mark, a level that held firm throughout the legal turbulence. However, things took a bullish turn in November 2024 following President Donald Trump’s reelection. The political shift sparked optimism in the crypto market—particularly for XRP—which soared past $2 on December 1, 2024, and hasn’t looked back since.
Also read: Crypto Surges While Wall Street Sinks: Why Investors Are Jumping Ship
Crypto analyst Abdullah “Abs” Nassif recently spotlighted this trend, noting that XRP has tested the $2 mark eight times since the post-election rally. What’s even more remarkable? Not once has XRP closed a day below that level. Despite periodic dips driven by market volatility and profit-taking, the bulls consistently step in to defend $2—turning it from just a number into a psychological benchmark.
So what’s behind XRP’s newfound strength? Several key factors are at play. Speculation about a definitive settlement in the Ripple lawsuit continues to support investor confidence. Additionally, optimism around a potential XRP ETF approval and rumors of XRP’s inclusion in a U.S. digital asset reserve have further fueled bullish sentiment.
While XRP was mentioned by name in Trump’s campaign as part of a future altcoin reserve, it wasn’t explicitly listed in the initial executive order. Still, the community remains hopeful it will eventually be added. Meanwhile, ETF watchers believe a green light from the SEC could be imminent, now that legal clarity has largely been achieved.
In this new phase, $2 appears to be more than a number—it’s XRP’s new stronghold. Whether it becomes the next launchpad for another breakout depends on what happens next in Washington and Wall Street.
