XRP has gone through a rough patch in recent days, falling below the $2 level after a month series of heavy sales. Price volatility in Bitcoin and other major assets contributed to the decline, dragging XRP to a low around $1.92. shaking the short-term sentiment of many traders.
However, several XRP supporters still believe that this step is a long way off for cause for concern. Among the most vocal is an analyst operating as @WillyWonkaXRP on the social media platform X, who insists the dip does not change the long-term trajectory. From his perspective, the current environment still lays the foundation for a much higher valuation due to institutional acquisitions.
A crash below $2 is not a problem
The the analyst’s evaluation is based on the prospects of XRP transitioning into a more structurally mature phase, highlighted by regulations, banking partnerships, and growing utilities. He pointed to recent approvals that remove long-standing legal uncertainties, and the growth of Ripple’s business network, which now boasts more than 300 banking partners in more than 40 countries.
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The analyst also highlighted the rollout of Ripple’s Liquidity Hub, the expansion of the RLUSD stablecoin, and rising expectations for additional Spot XRP ETFs. He says these developments show that large-scale institutional integration is happening quietly beneath the short-term noise of the market, making the recent dip to $1.92 insignificant compared to a longer-term path that he believes extends well beyond $20.
Speaking of price action, according to CoinGecko, the XRP price fell to $1.88 on November 21. The chart accompanying the analyst’s article illustrates a long multi-year structure in which XRP repeatedly formed wide accumulation ranges before breaking above resistance. The pattern shown over the years shows several failed attempts to reach the same horizontal ceiling before it finally gave way.
The current price action is now causing XRP to be tested from above again. The pullback to the region around $2 lines up almost exactly with this retest zone, showing price returning to confirm support rather than a breakaway from the larger trend.
What would it take for XRP to reach $20?
An XRP price rally to $20 would rneed a combination of technical follow-up and continued institutional participation. With the current circulating supply hovering around 60 billion tokens, a clean run to $20 would lift XRP’s market cap to around $1.2 trillion.
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Technically, XRP should hold its position above $2.00 as this level now serves as an anchor for any long-term bullish trajectory. Fundamentally, increased ETF inflows, The growth of RLUSD and greater adoption of RippleNet by global financial institutions would strengthen demand for XRP and create the necessary buying pressure.
At the time of writing, XRP is trading at $2.07, up 2.4% in the past 24 hours.
Featured image from Freepik, chart from Tradingview.com