XRP Eyes $2 as Stellar Spurs Fresh Hopes: Can History Repeat?

Is XRP about to follow in Stellar's footsteps with a dramatic price surge? That’s the question traders are asking after watching Stellar (XLM) jump 40% in just a week. The excitement is palpable as analysts draw parallels between the two tokens, which often move together in the market.

Recent Numbers That Matter

Here’s the raw data. XRP has been largely stagnant, trading between $1.23 and $1.30. In the last 24 hours alone, it posted a modest 2.5% gain but remains down 2.5% over the past week and 5% over the past month. In contrast, XLM broke free from its range, suggesting a possible ripple effect for its older sibling, XRP.

According to traders, there’s chatter that XRP might make a move toward the $1.76 to $2 range by June. This speculation stems from XRP’s current order book, which is heavily skewed towards buy orders, reportedly seven times more than sell orders. Imagine a seesaw with much heavier weight on the buy side, that's XRP's current setup.

Why History Matters

Think of it this way: XRP and Stellar have a history of moving in sync. When one makes a significant move, the other often follows. So, if history is any guide, XRP could be prepping for its own breakout. Why does this pattern matter? Because traders have long memories, and historical trends can heavily influence current strategies.

But here's why the plumbing matters. A skewed order book doesn't guarantee a price increase, but it does suggest that it might take less effort to push the price up. In other words, the path of least resistance currently leans upwards.

What Analysts Are Saying

According to Kevin Cage, an analyst familiar with these trends, the setup looks familiar. He points out that when similar conditions were observed with Bitcoin in 2025, it led to substantial market movements. That previous sentiment gives weight to current predictions.

In simple terms, the data points to a potential rally. However, Dom, another analyst, cautions that the order book only reflects intentions, not guarantees. Yet, the data does suggest something might be brewing. He also noted that large XRP long positions are opening on platforms like Hyperliquid, often using take advantage of up to 20x. This kind of speculative interest can act as a catalyst for significant price shifts.

What's Next for XRP?

So, what should traders watch for next? Keep an eye on that order book. If the buy-side pressure continues to dominate, a price push could be imminent. But don't forget the wider market sentiment. The crypto world is notoriously volatile, and broader sentiment shifts can swiftly change the space.

Another key date to watch? June. That’s when some traders predict XRP might touch the $2 mark. So the question remains: Will XRP follow Stellar's lead or continue to tread water? For everyday users, nothing changes overnight, but the seasoned traders are already on high alert.