XRP Closes Nine Straight Months Above $2 Despite Ongoing Downturns

Remarkably enough, XRP has managed to close every month above the $2 mark since December 2024 despite extended periods of price downturns. Saul, an XRP community figure, recently called attention to this impressive feat amid the latest XRP price struggles. For context, XRP is down nearly 10% over the past four weeks, having relinquished both the $3 and $2.9 price marks and battling the bears at the $2.8 region. Despite the broader crypto market witnessing a similar decline, having lost over $410 billion since its peak last month, some XRP investors have expressed concerns. For instance, last month, crypto influencer Bitlord suggested he was selling all his XRP tokens if XRP returned to $2. At the time, XRP traded for $2.82. XRP's Historical Battle Below $2 However, the market data shared by Saul confirms that XRP is largely in a better position than it was months back, and the recent panic might be unwarranted, considering its latest feats. Specifically, Saul pointed out that before November 2024, XRP's highest monthly close was $1.99 in December 2017. This is particularly accurate, according to data from Bitstamp, the world's longest-running crypto exchange. Notably, XRP witnessed an impressive 746.81% increase in December 2017, correcting to a price of $1.99 from its peak of $2.47 that month. XRP closed November 2017 at $1.99 after recording its largest monthly gain ever. The next month, December 2017, it soared to the $3.31 peak before correcting again. This time, the bulls did not mount a potent enough defense, leading to a drop to $0.87 before XRP eventually closed December 2017 at $1.12, lower than the $1.99 November 2017 close. XRP Has Not Closed Below $2 Since December 2024 From that period, XRP failed to even reclaim $1.99, much less record a monthly close above it. This bearish trend continued for seven years, until December 2024. Building on the uptrend that began in November 2024 following the U.S. elections, XRP reclaimed a peak of $2.9 in December 2024 and closed the month at $2.07, marking a new monthly close ATH.

Interestingly, since then, XRP has not closed a month below $2 despite the intermittent downturns that have emerged for the most part of the year, with its highest monthly close above $3 coming up in January 2025.  Notably, most analysts insist that XRP's hold above $2 amid this bearish price action confirms its resilience and indicates a readiness to soar to higher levels once a recovery push comes. For instance, market commentator DustyBC confirmed last month that he was buying all the XRP dips. According to him, the $2 to $3 range is now acting like the $0.45 to $0.55 region, which XRP traded in for an extended period before breaking out. If this holds true, a breakout from this $2 area is imminent and could lead to higher targets.