$XRP XRP has been stagnant for 7 months, can it finally move in Q3?

Brothers, XRP has been stagnant for 206 days, a full 7 months with no major movement. Now that the second quarter is almost coming to an end, the question arises: Can XRP break the deadlock in the third quarter and achieve a breakthrough?

Why hasn't XRP risen for so long?

There are several reasons for this stagnation:

Unclear regulations: The lawsuit from the US SEC is still ongoing, and recently Ripple lost a key battle in court, impacting market confidence.

Last year's surge was too steep: By the end of 2024, XRP soared to $3.4; after such a rapid increase, it usually consolidates for a while to digest the fluctuations.

Geopolitical tensions: The instability in the Middle East, such as the conflict between Iran and Israel, has made the entire market cautious, making it difficult for XRP to strengthen significantly.

Will the third quarter be different?

Don't rush; there are indeed some potential positive catalysts:

BTC is about to hit a new high: Bitcoin is only about 5% away from its historical peak, and if it surges, altcoins (including XRP) may follow suit.

The GENIUS Act is expected to be implemented: If this act is passed, it will bring clear regulations to the stablecoin sector, and Ripple's own stablecoin RLUSD will benefit from this, indirectly boosting XRP.

RLUSD is expanding: Ripple recently minted 12 million RLUSD tokens; once it is widely adopted, it will directly promote the entire ecosystem.

From a technical standpoint, volatility is expected to expand: 206 days of “silence” often precedes significant movements. Especially now that we are nearing the end of the month, daily fluctuations are noticeably increasing, indicating a buildup of momentum.

What do the technical levels say?

The $2 mark is particularly crucial: Holding this position may directly trigger a strong rebound, breaking out of the stagnant range.

$1.60 is the bottom support: This is the 61.8% retracement level from the previous significant rise, aligning with an important closing price from 2021.

So the question arises: In the third quarter, can XRP end the 7-month consolidation? Will it continue to stagnate or start a rally? The key lies in the upcoming news and how the $2 level performs.

If you are also paying attention to XRP or other mainstream altcoins, feel free to follow along for discussion and leave a message sharing your thoughts on this situation? ##币安Alpha上新