Popular market analyst XRPunkie believes the patience of long-term XRP holders is about to be rewarded. In a recent post on X, he noted that XRP has been trapped in a sideways trading range for the past 256 days—roughly eight and a half months—but insists that this prolonged consolidation is simply the calm before the storm.
According to him, those who held firm without panic selling “definitely deserve to make money,” as the next major rally could drive XRP into the $10–$15 range.
This isn’t the first time XRPunkie has projected a significant breakout. His recent chart analyses suggest that the current price action is a textbook consolidation pattern within a larger bullish trend, laying the groundwork for a sharp upward leg once market momentum returns.
$XRP has been in the sideways range for the last 256 days. If you've been sitting throughout the last 8.5 months, didn't panic sell & totally unfazed, U definitely deserve to make money. We should be commencing our next leg up soon. $10-$15🚀 pic.twitter.com/XSXdxHTWoJ
— XRPunkie (@Shawnmark7899) August 15, 2025
Understanding the 256-Day Sideways Range
The consolidation phase began in early December 2024, with XRP trading within a relatively tight band. Over the past several months, the cryptocurrency has repeatedly tested resistance between $3.15 and $3.40, while finding support in the low-$3 range. This coiling price structure aligns with technical theories that prolonged sideways action often precedes explosive moves in either direction.
Key Catalysts Supporting the Bullish Case
Two major developments bolster XRP’s long-term outlook. First, Ripple’s long-running legal battle with the U.S. Securities and Exchange Commission (SEC) has been resolved. The case concluded with a $125 million penalty and both parties dropping their appeals, leaving Judge Analisa Torres’ ruling intact: institutional XRP sales can be classified as securities offerings, but secondary-market sales are not. This legal clarity removes a cloud that had hovered over XRP for years.
Second, Ripple’s December 2024 launch of RLUSD, a dollar-backed enterprise-grade stablecoin, strengthens the XRP Ledger’s utility. Designed to function seamlessly alongside Ethereum, RLUSD is expected to expand Ripple’s market presence, boost on-chain liquidity, and attract more institutional participants to the ecosystem.
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Technical Levels to Watch
As of report time, XRP remains in the low-$3 range, with traders eyeing $3.30–$3.40 as the breakout zone. A decisive close above this resistance could signal the start of the anticipated rally toward double-digit territory. On the downside, $3.00 serves as immediate support, with $2.80–$2.60 as secondary cushions if selling pressure intensifies.
XRPunkie’s $10–$15 price target is ambitious but rooted in a combination of technical analysis, legal clarity, and product innovation. While no forecast is guaranteed, the prolonged consolidation, improved regulatory standing, and growing utility of the XRP Ledger create conditions that could favor a major upside breakout.
For those who have remained patient throughout the past 256 days, the stage may finally be set for the move they’ve been waiting for.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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