Ripple’s XRP token has faced rejection at the $1.60 price level. According to CoinGecko’s XRP data, XRP’s price has fallen by 1.2% in the last 24 hours and 33.8% since March 2025. Despite the slight correction, XRP’s price has maintained gains in the other time frames. The popular cryptocurrency has risen by nearly 10% in the last week, 11.6% in the 14-day charts, and 3.6% over the previous month. Let’s discuss when XRP could go beyond the $1.60 resistance level, and reclaim $2.

When Will XRP Hit $2 Again?

XRP last traded above the $2 mark in January of this year. While 2025 was quite a bullish year for XRP, 2026 has been quite challenging. XRP climbed to a new all-time high of $3.65 in July of last year, but has since fallen by 58.4%.

The cryptocurrency market has been showing some signs of a recovery over the last few days. Bitcoin (BTC) has reclaimed the $74,000 price level, and other assets, including XRP, seem to be following its trajectory. The SEC recently classified Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and some other cryptocurrencies, as digital commodities. The classification could lead to a spike in investor confidence, leading to a continued upswing.

However, the crypto market is still reeling with increased volatility. The US-Iran conflict continues to worry investors. An escalation in the Middle East could lead to more exodus of capital from risky markets. XRP and other crypto assets could face a price dip under such conditions.

CoinCodex analysts anticipate XRP to rally over the coming months, but do not expect the asset to hit $2 anytime soon. The platform predicts XRP will climb to $1.81 on June 5, 2026.

Also Read: XRP Called ‘Memecoin’ by Chainlink Ambassador as Fact Check Hits

XRP and the larger crypto market could experience a rally if the Federal Reserve prints more money and rolls out an interest rate cut. Some analysts expect the Fed to print more money to bring in some economic stability. Such a move could lead to more capital flowing into the crypto market.