After a record-breaking start to 2024, XRP has spent over half a year in a holding pattern.
Since peaking at $3.40 in January, the token has seen little direction, locked in one of its longest consolidation phases in recent history. But as June 2025 closes out, traders are eyeing the start of Q3 for a potential shift.
XRP is currently trading at $2.09—up just 0.49% year-to-date, with only 0.17% gains this quarter. While major players like Bitcoin and Ethereum surged in Q2, XRP lagged behind, weighed down by legal uncertainty, fading momentum after last year’s volatility spike, and broader geopolitical tensions.
Ripple’s ongoing legal battle with the SEC remains a cloud over the project, especially following a courtroom setback earlier this year. Meanwhile, the explosive price moves in late 2024 appear to have triggered a cooling-off period, with risk assets like XRP now in consolidation mode due to instability abroad.
Yet that could change quickly. Traders expect increased volatility as the new quarter begins. Bitcoin nearing all-time highs may pull capital into altcoins, and legislative momentum in Washington—particularly the expected signing of the GENIUS bill—could reignite interest in Ripple’s stablecoin, RLUSD. Ripple has already minted 12 million units in preparation for a potential launch.
Technically, XRP’s fate may hinge on the $2 level. A strong bounce could spark a rally, while a breakdown could end the chop with a deeper move downward. Either way, the long stretch of sideways action appears to be nearing its expiration date.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/market/xrp-gears-up-for-a-breakout-after-months-of-silence/