Key highlights:

  • XRP is testing the key $1.83 resistance level after gaining 43.52% on the latest two-week candle
  • Ripple has recommended withdrawing the XLS-38 bridge amendment, citing limited developer demand
  • CoinCodex projects the XRP price could reach $1.51 within a month

XRP is back at a level that's been a nightmare for bulls for years. And this time, everyone's asking the same thing: is it different now? Analyst EGRAG Crypto thinks so. He says XRP is showing a setup that's never appeared before a major bull run. 

 

He's looking at the two-week chart, where XRP is pushing into a resistance zone that's rejected rallies repeatedly since the last cycle. Meanwhile, something else is happening inside the XRP Ledger. 

Ripple recommended pulling a long-standing cross-chain bridge proposal, arguing that existing infrastructure already does the job better. All of this puts XRP at a key moment. The pieces are moving.

Ripple reconsiders a long-running XRPL proposal

Ripple has recommended that the XRP Ledger community withdraw the XLS-38 amendment, a proposal originally designed to enable native cross-chain bridges between XRPL networks.

The company believes the amendment's primary purpose is already being handled by Axelar, which connects more than 50 blockchain networks through a validator set of over 75 participants.

Ripple also pointed out that interest from developers has remained limited. Removing the proposal would cut more than 10,000 lines of code from the XRP Ledger codebase, making the system easier to maintain. That does not necessarily mean the proposal is gone forever. Ripple noted that the decision could be revisited if developers present stronger use cases in the future.

The XRP price is closing in on a major resistance level

For traders, the bigger focus remains the XRP price. EGRAG Crypto's chart shows XRP trading around $1.42 after posting a 43.52% gain on the latest two-week candle. During that period, the price climbed from a low of $0.987 to a high of $1.697, putting XRP within striking distance of a resistance level that has defined its market structure for years.

We had a look at the XRP chart and found that the $1.83 area remains the most important level on the board. XRP has struggled to establish itself above that zone in previous cycles, making it the key hurdle bulls need to clear.

Volume also points to strong market participation. The latest two-week candle recorded roughly 529 million XRP in volume, supporting the move toward resistance. One of the more interesting parts of EGRAG's analysis is the idea of a "No Red" zone. 

The analyst separates XRP's long-term chart into two phases. The first stretches from roughly $1.83 to $5.00, where resistance remains concentrated. The second begins above $5.00. The reasoning is simple. XRP has spent very little time trading above $5 in its history. 

What comes next for the XRP price?

The bullish case stays alive as long as XRP holds above the recent swing low near $0.987. The first job for buyers is clear: break through $1.83. If they do, the path to $5 starts to look real. That's the next big psychological and technical target.

For now, the XRP price is trading between key support at $0.987 and key resistance at $1.83. That leaves XRP at one of the most important decision points it has faced in years. Whether this breakout attempt succeeds or fails will likely determine where the XRP price heads next. 

According to CoinCodex’s 1-month XRP price prediction, the XRP price is projected to reach around $1.51, which is slightly above the current trading level near $1.42-$1.43 and would bring XRP closer to the key $1.83 resistance zone that bulls need to break to confirm a larger upside move.