The price of XRP continues to trade in a tight, consolidating range, described by analysts as one of the most boring price actions in the crypto market. The token is currently trading around $1.38, down less than 1% in the last 24 hours, and has been stuck in a pattern between key support and resistance levels for over a month.
Analyst CasiTrades highlighted the prolonged consolidation phase, noting the market is 34 days into what she identifies as a "Wave 4" pattern within an Elliott Wave structure. She points to critical technical levels: a major support zone near $0.87 (aligning with a 0.786 Fibonacci retracement) and a strong resistance ceiling at $1.65. The analyst states that until XRP either breaks and holds above $1.65 or drops to test the $0.87 support, the sideways, low-volatility action is likely to continue.
This price stagnation persists despite significant corporate news from Ripple Labs. The company has reportedly launched a new share buyback program to repurchase up to $750 million worth of shares from employees and early investors at a company valuation of $50 billion. According to a Bloomberg report citing sources, the program is expected to run through April.
This move provides liquidity for stakeholders while allowing Ripple to consolidate equity without pursuing an immediate public listing. It follows previous capital activities, including a $285 million buyback in January 2024 and an attempted $1 billion tender offer in September 2025. Ripple's financial capacity for such a buyback is supported by its holdings, which CEO Brad Garlinghouse previously stated included over $1 billion in cash and roughly $25 billion in crypto assets, predominantly XRP.
From a technical standpoint, the XRP/USD 4-hour chart shows a bearish structure, with the coin trading just above the weekly open of $1.33. Momentum indicators are mixed; the RSI at 53 suggests fading bearish momentum, but the MACD hints at bears regaining control. Key near-term levels are a major support at $1.27 and a resistance level at $1.48.
