XRP Analyst Sees 60% Chance of Major Rally as Ripple Price Revalues ​​$2

Analysts are framing XRP’s pullback as a controlled correction, not a spread, which keeps the broader bullish case intact.

Ripple’s XRP token price is testing an important support level near $2.12 this week, following a rally that saw the world’s third largest non-stablecoin cryptocurrency.

Following that, the prominent market watcher has now given a 60% chance of an even more significant increase in the stock.

Testing the Waters for More Movement

Analyst EGRAG CRYPTO emphasized that XRP remains within a descending channel on its five-day chart. They view the current work as “controlled maintenance” rather than diffusion.

The analyst’s framework suggests a 60% chance of upside, depending on the price closing above the 21-times moving average and breaking the channel highs near $2.30. Such a move, according to EGRAG, could pave the way towards the target between $3.10 and $3.30.

“Until then → it’s just stuffing inside the channel, not a breakout,” emphasized the market watcher.

In contrast, they see a 30% chance of continuation of the range-aligned trade and only a 10% risk of a full decline to $1.

Trading activity also supported the heightened attention, with XRP analyst John Squire noting that the token recorded nearly $23 million in global trading volume in one minute, suggesting participation beyond small retail trading.

Data cited by several observers show that there has been strong inflows into newly launched XRP ETFs, with products attracting around $1.2 billion as of mid-November 2025, and capturing around 1% of circulating supply in just over a month.

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Pricing, On-Chain Data, and the Road Ahead

According to real-time data from January 5, XRP is trading above $2.10, reflecting a 12% gain over the past seven days, with a performance that helped it surpass BNB in ​​market capitalization on January 3. The move is part of a broader recovery from the late 2025 crash, with the asset now up nearly 4% over the past 30 days.

The short-term trend has divided market participants. On the other hand, on-chain metrics are giving a bullish signal, with data from CryptoOnchain showing the XRP Taker Buy/Sell Ratio on Binance hitting a one-month high, suggesting that aggressive selling is easing.

However, others, such as Cheds Trading, identified the largest candle of four hours in a month as a possible sign, noting the rejection of resistance, while other observers warned of immediate technical obstacles, with sales walls marked between $ 2.17 and $ 2.25 that could limit the development.

All that said, the outlook for XRP in 2026 remains open, with possible scenarios ranging from a bullish run to $10, driven by continued institutional acceptance and the expansion of Ripple’s business, a bearish reversal to $1 if profit-taking accelerates and broader market conditions worsen.