- Popular altcoin XRP hits $2.03 support perfectly.
- Reputed analyst expects next wave up to play out soon.
- XRP could set new ATH prices in the coming weeks ahead.
The New Year seems to have sparked hope for a bullish altseason to arrive within the first half of 2026. At the moment, Bitcoin and Ethereum are both maintaining strong and steady prices above the $90,000 and $3,000 price range, respectively. With the market showing strength and stability, altcoin XRP price hits $2.03 support perfectly, and a popular analyst now expects the next wave up soon.
Altcoin XRP Price Hits $2.03 Support Perfectly
The popular altcoin XRP is Ripple’s native token asset. This altcoin was held in high esteem by the crypto community since its debut in 2014. The price of XRP grew rapidly up to 2017 when the asset was on the same par as Bitcoin and Ethereum. However, due to a case against the SEC, the price of XRP dove miserably for about 7 years, leading to stunted growth and for the asset to miss a few bull market phases.
Finally, after 7 years, the tides turned in favor of Ripple and XRP, and the asset walked victoriously from the case, leading to two bullish price pumps in the days that followed. Unfortunately, despite these pumps, the price of XRP has yet to reclaim its previous ATH at $3.84, set 8 years ago, and analysts believe that the time for it to enter its price discovery phase has come once again.
According to CoinMarketCap analytics, the price of XRP is currently trading at $2.05, boasting a total market cap of $125,024,412,295.05 and a 24-hour trading volume of $2,954,839,394.66. The fact that XRP has reclaimed this price mark highlights how the asset has reclaimed support perfectly, as predicted by the analyst in the post above. She now believes the next leg up is underway.
XRP’s Path to Bullish Possibilities
The analyst says that over the weekend, XRP gave us a perfect touch of the macro 0.5 support at $2.03. That touch has now produced bullish divergences, which sets the conditions for a bounce. From here, she is expecting a move up toward to the $2.26 price range to complete a subwave 2. This next wave up is critical. If it stays corrective, we could see a sharp rejection that sends XRP into a subwave 3 down, ultimately breaking the 0.5 support and targeting the $1.65 macro support.
However, if this bounce has the strength to break above $2.41 and flip it into support, then the scenario down to $1.65 is invalidated. This is the key decision in the market. While the analyst is expecting the move toward $1.65 to unfold in a 5-subwave structure, subwaves don’t always print perfectly. The larger-degree pull in this market is still $1.65, and that level matters far more than the exact behavior of the smaller waves.
The analyst concludes by stating that risk management is key for trading here, and SL should be set right below the $2.03 support. Whether it breaks down as a corrective ABC structure (typical for a Wave 2) or starts to look impulsive, a double top at $2.41 would still fit the corrective case. The post ends by stating that a lookout to see whether the internal sub-structure shows its hand.
