TLDR:XRP price trades between $2.00 and $2.90, locked in a 190-day sideways consolidation.A break above $2.60 could target $3.00, while failure risks a drop toward $1.70.Ripple’s RLUSD gets UAE regulatory nod, boosting optimism around XRP’s ecosystem.Analysts expect price action to intensify between July and August 2025.XRP continues to trade within a tight range as traders await a decisive move. The cryptocurrency has hovered between strong support and resistance for over six months. Despite minor price fluctuations, XRP has not broken out of its consolidation zone. Analysts say the prolonged sideways movement may indicate that a larger price shift is coming. Growing developments around Ripple’s stablecoin, RLUSD, are also contributing to market interest.XRP Price Remains Stuck in Tight RangeAccording to market analyst Sjuul from AltCryptoGems, XRP has remained in the same range for 190 days. The price continues to bounce between $2.00 and $2.90, forming a prolonged consolidation pattern. Sjuul emphasized that such extended periods of low volatility often precede strong directional moves.Will $XRP ever get out of this never-ending range?Already trading here for 190 days! Seems like ages!Well, just remember, the longer the consolidation, the stronger the breakout! pic.twitter.com/c6RRccj0vv— Sjuul | AltCryptoGems (@AltCryptoGems) June 4, 2025Chart analysis shows a resistance barrier around $2.90, which has blocked multiple rally attempts. On the downside, XRP has repeatedly found support near $2.00, signaling strong demand at lower levels. Technical signals point to a potential breakout, especially if XRP crosses the $2.60 threshold.The current XRP price stands at $2.20, according to CoinGecko, down 1.88% over the last 24 hours. The past week saw a decline of 3.71%, indicating mild bearish pressure. However, XRP continues to hold above the $2.00 support line, a level many traders view as crucial.According to Sjuul’s chart, a breakout above $2.60 could open the door for XRP to test higher zones. These include potential targets at $2.65 and $3.00, noted by analyst Shield. On the other hand, if support breaks, the price could fall to $1.80 or even $1.70. Recent trading volumes have increased, hinting that market participants are preparing for movement.Ripple’s RLUSD Approval Fuels OptimismAdditional momentum comes from Ripple’s latest achievement in the United Arab Emirates. Ripple’s RLUSD stablecoin recently received approval from Dubai’s DFSA for use in the DIFC economic zone. Shield, a crypto tracker on X, noted that this positions Ripple as the first blockchain-based payment provider in that region.The UAE has seen a 55% surge in stablecoin transactions this year, signaling higher adoption of blockchain payments. This approval enhances Ripple’s regional presence and indirectly boosts attention toward XRP. The increased focus on utility-based tokens has helped XRP maintain relevance during uncertain price action.$XRP eyes breakout as Ripple’s RLUSD gets green light from Dubai’s DFSA for use in DIFC. Price holds $2.14 — a move above $2.30 could target $2.50, $2.65, and $3.00.UAE stablecoin transactions surged 55% in 2024, signaling rising demand for blockchain payments. pic.twitter.com/BhDUiKxNEl— Shield (@Shieldmetax) June 4, 2025Price forecasts suggest that XRP’s breakout may not occur until July or August 2025. This aligns with broader technical signals pointing to continued range-bound movement for the short term. However, analysts remain attentive, as longer consolidations often produce sharp price action.Until XRP breaks out of its range, its price will likely continue fluctuating between key support and resistance levels. Still, with rising volume, favorable regulatory news, and a 190-day consolidation, market pressure is building.The post XRP Price Eyes Breakout as Market Consolidation Nears 200 Days appeared first on Blockonomi.