The XRP community is buzzing after US President Donald Trump shared Ripple-related content on the social media platform Truth Social. This comes at a time when institutional interest in the digital asset is rising, especially with the US Securities and Exchange Commission (SEC) formally acknowledging more applications for a spot XRP exchange-traded fund (ETF). Trump’s […]
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XRP price is down from the $2.85 resistance zone. The price is showing a few bearish signs and must clear $2.650 to start a fresh increase. XRP price started a fresh decline below the $2.70 level. The price is now trading below $2.650 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2.620 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it clears the $2.620 resistance zone. XRP Price Dips Further XRP price failed to gain pace for a move above the $2.850 level and started a fresh decline, like Bitcoin and Ethereum. The price dipped below the $2.720 and $2.70 levels. There was also a move below the $2.60 support level. Finally, the price tested the $2.50 zone. A low was formed at $2.470 and the price is now consolidating losses near the 23.6% Fib retracement level of the downward move from the $2.832 swing high to the $2.470 low. The price is now trading below $2.650 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.60 level. There is also a key bearish trend line forming with resistance at $2.620 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.650 level or the 50% Fib retracement level of the downward move from the $2.832 swing high to the $2.470 low. The next resistance is $2.70. A clear move above the $2.70 resistance might send the price toward the $2.80 resistance. Any more gains might send the price toward the $2.850 resistance or even $2.880 in the near term. The next major hurdle for the bulls might be $3.00. Another Decline? If XRP fails to clear the $2.650 resistance zone, it could start another decline. Initial support on the downside is near the $2.50 level. The next major support is near the $2.480 level. If there is a downside break and a close below the $2.480 level, the price might continue to decline toward the $2.420 support. The next major support sits near the $2.350 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.50 and $2.480. Major Resistance Levels – $2.60 and $2.650.
XRP price is consolidating gains above the $2.60 zone. The price must clear the $2.720 resistance to start a fresh increase in the near term. XRP price started a decent upward move above the $2.60 zone. The price is now trading below $2.70 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2.6880 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it clears the $2.720 resistance zone. XRP Price Trim Gains XRP price managed to stay above the $2.50 support and remained in a positive zone, unlike Bitcoin and Ethereum. A base was formed, and the price started a decent upward move above the $2.60 and $2.70 levels. The price even climbed above the $2.80 level before the bears appeared. A high was formed at $2.8322 and the price is now correcting gains. There was a minor move below $2.72. The price dipped below the 23.6% Fib retracement level of the upward wave from the $2.330 swing low to the $2.830 swing high. There was also a break below a key bullish trend line with support at $2.6880 on the hourly chart of the XRP/USD pair. The price is now trading below $2.70 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.700 level. The first major resistance is near the $2.720 level. The next resistance is $2.80. A clear move above the $2.80 resistance might send the price toward the $2.840 resistance. Any more gains might send the price toward the $2.920 resistance or even $3.00 in the near term. The next major hurdle for the bulls might be $3.050. More Losses? If XRP fails to clear the $2.720 resistance zone, it could start another decline. Initial support on the downside is near the $2.60 level or the 50% Fib retracement level of the upward wave from the $2.330 swing low to the $2.830 swing high. The next major support is near the $2.5820 level. If there is a downside break and a close below the $2.5820 level, the price might continue to decline toward the $2.550 support. The next major support sits near the $2.50 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.60 and $2.5820. Major Resistance Levels – $2.720 and $2.800.
XRP price is consolidating gains above the $2.60 zone. The price is showing positive signs and might gain bullish momentum above $2.750. XRP price started a decent upward move above the $2.60 zone. The price is now trading above $2.60 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2.680 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it clears the $2.750 resistance zone. XRP Price Rally Loses Steam XRP price managed to stay above the $2.50 support and remained in a positive zone, unlike Bitcoin and Ethereum. A base was formed, and the price started a decent upward move above the $2.55 and $2.65 levels. The price surpassed the first key barrier at $2.750. It tested the next hurdle at $2.840. A high was formed at $2.8322 and the price is now consolidating gains. There was a minor move below $2.75. The price dipped below the 23.6% Fib retracement level of the upward move from the $2.330 swing low to the $2.8322 high. The current price action is positive. There is also a key bullish trend line forming with support at $2.680 on the hourly chart of the XRP/USD pair. The price is now trading above $2.650 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.750 level. The first major resistance is near the $2.80 level. The next resistance is $2.840. A clear move above the $2.840 resistance might send the price toward the $2.920 resistance. Any more gains might send the price toward the $3.0 resistance or even $3.050 in the near term. The next major hurdle for the bulls might be $3.120. Another Decline? If XRP fails to clear the $2.750 resistance zone, it could start another decline. Initial support on the downside is near the $2.680 level or the trend line. The next major support is near the $2.60 level and the 50% Fib retracement level of the upward move from the $2.330 swing low to the $2.8322 high. If there is a downside break and a close below the $2.60 level, the price might continue to decline toward the $2.550 support. The next major support sits near the $2.50 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.680 and $2.60. Major Resistance Levels – $2.750 and $2.840.
XRP experienced a brief rally after the US Securities and Exchange Commission acknowledged Grayscale’s XRP ETF filing, momentarily causing bullish momentum. Although the surge has since slowed down, it has once again brought the $3 price level into focus. However, technical analysis suggests that XRP remains on track for higher price targets above $3. Related Reading: Bitcoin ETFs Get $2 Million Boost From National Bank Of Canada Building on this outlook, crypto analyst Egrag Crypto has projected that XRP could be heading toward $15 and possibly $17, citing the strength of its current market structure. However, he cautions that while the setup appears promising, a confirmed breakout is essential before these targets can be considered fully in play. XRP Bullish Pennant Points To $15-$17 Target Crypto analyst Egrag Crypto has built a reputation for making consistently bullish predictions on XRP, even during the prolonged multi-year lackluster phase when the token traded around $0.5. Despite skepticism from other analysts, the analyst remained firm in his long-term outlook and made various ambitious price targets for XRP. Many of these targets have now materialized in the last few months, with XRP climbing to multi-year highs and recently peaking at $3.40. In his latest analysis, Egrag highlighted that XRP’s price structure is trading within a bullish pennant formation. This bullish pennant formation, as in the name, is expected to result in a significant move upwards after the upper trendline of the pennant is broken. In terms of a price prediction, the analyst noted that a measured move from the lower end of the pennant translates to a price target of $15. A more aggressive projection, using the pole leg from the top of the pattern, points toward a potential rally to $17. Image From X: Egrag Crypto $3.40 Level Holds The Key To Price Target Confirmation While the technical pattern suggests further upside, Egrag stressed that the altcoin must achieve a solid breakout above $3.40 to validate this bullish trajectory. This level acted as a significant resistance zone in January and doubles as XRP’s all-time price high since 2018. A decisive move beyond $0.34 would provide the confirmation needed for further gains. In addition to highlighting the bullish pennant, Egrag Crypto pointed to a crucial support level represented by a yellow trendline on the XRP price chart above. So far, this line has been respected since the beginning of 2025 and, as such, is a good reference point for assessing XRP’s rally. As long as XRP holds above this support, the bullish case remains intact. However, a break below this trendline could introduce a more bearish scenario. Related Reading: XRP To 3 Digits? The ‘Signs’ That Could Confirm It, Basketball Analyst Says At the time of writing, XRP is trading at $2.74. In another analysis, Egrag noted that the XRP price must achieve a strong close above $2.75 in order to sustain an upward trend and finally break above $3. Featured image from MoneyCheck, chart from TradingView
The crypto world is seeing an interesting show as people who used to be against XRP suddenly change their minds. At the center of this development is Davinci Jeremie, who was once known as “the biggest XRP hater” but now predicts that the coin will reach a price of $20 to $24. Related Reading: No $200K Bitcoin? Popular Trader Explains Why It’s Unlikely This Decade This remarkable shift has sent ripples through the digital asset community, particularly among XRP’s devoted followers who are savoring the moment. Former Critics Join The Bullish Chorus Real Vision CEO Raoul Pal and experienced trader Peter Brandt are also in a good mood. Brandt now thinks the market will be worth $500 billion, which means the price will be $8. This is a big change from his earlier doubts. With the current price of $2.44, these forecasts show XRP may see profits ranging from 227% to an incredible 883%. $XRP TO $20-$24 this bull run says Davinci biggest $XRP HATER on this planet! What do you think about it? Huge shift in price prediction by Davinci! From $XRP going to $0 , TO now $XRP going to $24 ???????????? pic.twitter.com/65kSwViVjD — Random Crypto Pal (@RandomCryptoPal) February 1, 2025 The Sweet Taste Of Vindication For XRP Supporters Tony Edward, the person behind the Thinking Crypto podcast, was unable to resist highlighting the absurdity. “The capitulation of XRP haters is a beautiful thing to behold,” he observed, emphasizing the urgency with which billionaire financial leaders and influencers, such as Mike Novogratz, are adjusting their stances. The community’s reaction has been a combination of triumph and “I told you so” attitudes, as they observe former critics attempt to realign themselves with XRP’s upward trajectory. The XRP Army is having a field day documenting each conversation, as this shift in sentiment has become a talking point across social media platforms. The $XRP hater capitulation is a beautiful thing to behold. From influencers like Davinchi to hedge fund leaders like Mike Novogratz. All of them are bending the knee, many were not allocated and they are now scrambling to buy and cover their tracks so they don’t look like… https://t.co/pA2Paj9MDh — Tony Edward (Thinking Crypto Podcast) (@ThinkingCrypto1) February 13, 2025 Banking Ties Remain A Point Of Contention Though his pricing view is positive, Jeremie keeps a complicated connection with XRP’s basic value proposition. He is worried about the underlying flaws in the conventional banking system, which is intimately related with XRP. Though many supporters consider the crypto as an enabler, Jeremie sees its link with traditional financial infrastructure as a drawback. According to him, XRP’s operational structure and conventional institutions like the Federal Reserve create an element of uncertainty that makes it unfit for long-term investment. He sees similarities between the two. Changing Mindsets This changing narrative within the cryptocurrency sector illustrates how market dynamics can compel even the most fervent critics to reevaluate their stances. The way the XRP community reacted to these changes shows how emotionally attached many people are to the project’s success. Related Reading: $1,000 Solana? Analyst Says “It’s Written”, Predicts When Breakout Will Happen As price estimates keep going up and people who used to be against cryptocurrencies change their minds, the cryptocurrency market shows how quickly opinions can change in this dynamic area. Featured image from DALL-E, chart from TradingView
A lighthearted tweet about Kansas State University’s financial situation has spurred new conversations on XRP’s aspirational pricing goals. Known in sporting circles as “Kelly in Vegas,” Kelly Stewart added comedy into the continuous discussion among the crypto community about XRP surpassing $100. Related Reading: Cardano Price Balloons 107% As Whales Scoop Up 1.41 Billion ADA The analyst wrote on X, “If XRP hits $100, there will be signs.” This was a play on a well-known trend in the crypto world, where investors joke about the expensive purchases they would make if their holdings reached high price goals. Her tweet showed a mock-up of Kansas State’s football field carrying her name, implying she will sponsor it should XRP reach three-digit level. If XRP hits $100 there will be signs https://t.co/fSDrIX0j5M pic.twitter.com/ZQGRw5XsVP — Kelly (@kellyinvegas) February 13, 2025 Kansas State Athletics Approaches Financial Crossroads The joke falls at a time when Kansas State University’s athletic department is facing major financial difficulties. To remain competitive, they must generate another $20.5 million by the 2025–26 school year. Athletic Director Gene Taylor looks at several fundraising avenues as their present budget of $93.251 million is less than the needed $114 million target. Innovative Solutions For Expanding University Revenue The university isn’t leaving any stone unturned in its quest for additional funding. Traditional approaches like alumni donations and corporate sponsorships are being complemented by innovative ideas. Among these include completing naming rights for Bramlage Coliseum and increasing beer sales at Bill Snyder Family Stadium. Even the hallowed football field could soon show commercials, a possibility that motivated Stewart’s lighthearted intervention. Reality Check: The $100 XRP Dream The obsession of the crypto community on XRP approaching $100 exposes both ambition and a disconnection from reality on the market. Although some aficionados cite Ripple’s growing alliances and possible institutional involvement as encouraging signs, the data tell another tale. XRP would need a market capitalization of around $5.78 trillion to hit $100, more than the value of the entire cryptocurrency industry. This astronomical figure raises serious questions about the feasibility of such predictions. The Future: Between Hope And Reality The junction between the financial hardships of college sports with cryptocurrency aspirations exposes a more general story about money, ambition, and reality in contemporary America. While Kansas State looks for workable answers to its financing problems, the crypto community keeps aiming high. Related Reading: Bitcoin ETFs Get $2 Million Boost From National Bank Of Canada The university’s methodical approach to bridging its $20.5 million gap stands in stark contrast to the speculative nature of $100 XRP predictions. Yet both stories share a common thread: the eternal human drive to overcome financial limitations, whether through practical planning or ambitious speculation. Gene Taylor’s plans for the future of Kansas State’s sports department are real steps toward a better future. At the same time, the crypto community’s excitement, which sometimes goes too far, shows how many people see digital assets as having the power to change the world. As these parallel stories progress, they tell us that people’s financial goals still affect how they act and what choices they make, whether they are in traditional institutions or new technologies. At the time of writing, XRP was trading at $2.77, up 7.6% and 16.3% in the daily and weekly frames. Featured image from Pixabay, chart from TradingView
Crypto pundit Andrei Jikh has reignited the $100 XRP price target, sparking a bullish sentiment in the XRP community. The analyst outlined several factors that could contribute to the parabolic rally to the ambitious $100 target. Factors That Could Contribute To The $100 XRP Price Target In a YouTube video, Jikh highlighted a potential end to the Ripple SEC lawsuit as one of the factors that could spark the XRP price rally to the $100 target. He cited the SEC’s removal of the Ripple case from its website, which indicates that legal pressure is easing. The Commission’s agreement with Binance to pause their ongoing legal battle has also sparked optimism that the Ripple lawsuit could soon end. Related Reading: XRP Price Enters Golden Pocket: Analyst Says It’s A Good Buy At These Levels Jikh then alluded to a Nasdaq report stating that 80% of Japanese banks are set to adopt XRP for global payments. The analyst is confident that this move will cause adoption to skyrocket, which could contribute to the projected rally to $100. He noted that Japan’s banking system is huge, which makes this a big deal for the altcoin. Furthermore, the crypto pundit highlighted the potential approval of the XRP ETFs as another factor that could drive the XRP price to the $100 target. He noted how the Bitcoin price surged to new highs after the Bitcoin ETFs were approved, and Jikh believes something similar could happen. Another factor that the crypto analyst believes could contribute to the XRP price rally to $100 is the possibility of Ripple’s payment system replacing SWIFT. He highlighted how the global payment industry is worth trillions of dollars. As such, Ripple processing a huge chunk of these global payments could cause XRP’s utility and demand to skyrocket, ultimately impacting its price. Other Bullish Fundamentals For The Altcoin Meanwhile, Jikh also alluded to the XRP Ledger (XRPL) and Ripple’s Real USD (RLUSD) as factors that could contribute to the XRP price rally to $100. He noted that the XRPL processes around 1,500 transactions, making it a potential option for tokenization plans, which is bullish for the asset. Related Reading: XRP Bulls Shake Off Crash, Target This Major Resistance On The Road To $3.85 If the XRPL becomes the go-to platform for tokenizing real-world assets such as stocks and bonds, this will help drive demand up and make the crypto more valuable. The RLUSD stablecoin is also bullish for XRP as its burn mechanism helps remove XRP from circulation as its utility grows. Jikh then alluded to the possibility of Ripple CEO Brad Garlinghouse being on the White House Crypto Advisory Council. This is especially bullish for the XRP price as Garlinghouse being on the Council could cement its place in the newly-created US sovereign wealth fund. At the time of writing, the asset’s price is trading at around $2.55, up over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
Ripple CEO Brad Garlinghouse is optimistic about the progress of crypto regulations in the United States after engaging with lawmakers in Washington, D.C. In a Feb. 13 post on X, Garlinghouse shared that he met with several policymakers in Washington, D.C., including Senators Tim Scott and Chuck Schumer and Representatives French Hill, Ritchie Torres, and […]
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The Securities and Exchanges Commission acknowledged a filing by the New York Stock Exchange and Grayscale for an XRP ETF on Thursday.
The US Securities and Exchange Commission (SEC) has officially acknowledged the receipt of Grayscale Investments’ 19b-4 filing to convert its XRP Trust into a spot exchange-traded fund (ETF). The agency’s confirmation—disclosed by Bloomberg ETF analyst James Seyffart on 14th February—signals the start of the formal review process that could ultimately decide whether the product is cleared for public listing. James Seyffart, who reported the news via his X account, stated: “There it is — The SEC just acknowledged Grayscale & NYSE’s 19b-4 filing to list an XRP ETF (this was mostly expected but officially means the clock will start soon for this and Dogecoin).” Why This Is An ‘Enormous Message’ For Ripple The SEC’s acknowledgment kicks off a regulatory timetable, opening a window for public commentary and multiple rounds of decision-making. The agency is expected to follow this step-by-step procedure to either approve, reject, or request additional information concerning the proposed XRP ETF. Related Reading: Pundit Sounds Major Crash Alarm For XRP Price As ’12-Year Cycle’ Comes To An End Although formal acknowledgment does not guarantee an approval further down the line, it underscores that the SEC is sufficiently engaged to put the filing on the official docket. Nate Geraci, President of the ETF Store and Co-Founder of the ETF Institute, underlined the significance of this action in the context of the SEC’s ongoing legal dispute with Ripple. He remarked: “SEC has acknowledged NYSE’s 19b-4 filing to list & trade Grayscale XRP ETF… Obviously a potentially huge statement re: SEC’s case vs Ripple.” Geraci further elaborated on what he perceives as a remarkable development: “Shocked more people aren’t talking about SEC accepting XRP ETF filing… They have open litigation w/ Ripple. Meanwhile, they just acknowledged filing of ETF holding asset in dispute (they easily could have rejected this filing). Enormous message IMO.” Related Reading: Massive XRP Accumulation – Whales Bought 520 Million XRP During Market Dip These statements highlight how the SEC’s willingness to initiate the review process—rather than dismissing it outright—could indicate the SEC’s openness to settle or drop the Ripple case which is currently at the Court of Appeals. Fox Business journalist Eleanor Terrett provided additional context on why the acknowledgment alone is noteworthy: “Because it means this SEC is being more open-minded and not flat out refusing to consider these products. Recall, exchanges pulled the SOL 19b-4 applications in December when the Gensler SEC signaled it would not engage with them. […] Next up, the SEC should acknowledge the XRP ETF applications from issuers that filed later than Grayscale — including Bitwise, 21Shares, Canary Funds, Wisdom Tree. The 240-day window for Grayscale’s approval starts when it gets posted to the federal register which should be in a couple of days from now.” Following the announcement, XRP’s price rose by over 5% in a relatively muted overall market. However, technical analysis of the XRP/USDT 4-hour chart indicates that as of press time, the token failed to break through a major resistance level. The rejection occurred at the 0.5 Fibonacci retracement (Fib) around $2.58. If buyers manage to push XRP above this threshold, the next critical resistance is near $2.77 (the 0.618 Fib). A sustained rally beyond that point could see the token retest its January 25 high at $3.40. Featured image created with DALL.E, chart from TradingView.com
XRP price is moving higher from the $2.40 support zone. The price is showing positive signs and might gain bullish momentum above $2.60. XRP price started a decent upward move from the $2.400 zone. The price is now trading above $2.50 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2.40 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it clears the $2.60 resistance zone. XRP Price Gains Traction XRP price managed to stay above the $2.40 support and remained in a positive zone, unlike Bitcoin and Ethereum. A base was formed, and the price started a decent upward move above the $2.42 and $2.45 levels. The price surpassed the first key barrier at $2.50. It tested the next hurdle at $2.60. A high was formed at $2.603 and the price is now consolidating gains. There was a minor move below $2.55. The price dipped below the 23.6% Fib retracement level of the upward move from the $2.417 swing low to the $2.603 high. The current price action is positive. There is also a key bullish trend line forming with support at $2.40 on the hourly chart of the XRP/USD pair. The price is now trading above $2.540 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.580 level. The first major resistance is near the $2.60 level. The next resistance is $2.720. A clear move above the $2.720 resistance might send the price toward the $2.80 resistance. Any more gains might send the price toward the $2.840 resistance or even $2.920 in the near term. The next major hurdle for the bulls might be $3.00. Another Decline? If XRP fails to clear the $2.60 resistance zone, it could start another decline. Initial support on the downside is near the $2.48 level or the 61.8% Fib retracement level of the upward move from the $2.417 swing low to the $2.603 high. The next major support is near the $2.420 level and the trend line. If there is a downside break and a close below the $2.420 level, the price might continue to decline toward the $2.320 support. The next major support sits near the $2.20 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.480 and $2.420. Major Resistance Levels – $2.60 and $2.720.
XRP has been forming a red bearish candle since the beginning of February, which is a result of a price crash that took place at the start of the month. Although THE ALTCOIN has since recovered slightly, it has yet to return to its January open. Nonetheless, the majority of crypto investors remain bullish on the long-term prospects for XRP, with analysts doubling down on optimistic price targets ranging from $2 to $5. However, a crypto analyst on the TradingView platform has presented a compelling bearish case for XRP, warning that the asset is nearing the end of a crucial 12-year cycle, which could trigger a severe correction down to $0.1. XRP’s 12-Year Cycle Nears Completion. Major Correction Ahead? According to the analyst, XRP has almost completed a 12-year cycle, and the conclusion of this phase is going to be a very intense correction of the XRP price. While acknowledging that XRP could still reach a slightly higher high before the full decline begins, the analyst believes that the probability of significant further upside is low and warns that a continued correction might occur over the coming months. Related Reading: XRP Bulls Shake Off Crash, Target This Major Resistance On The Road To $3.85 The warning is centered around technical indicators and technical patterns, particularly a long-term triangle pattern. This long-term triangle pattern persisted for five years between XRP’s all-time high of $3.40 in 2018 up until 2024, before breaking out into a final fifth wave. This final fifth wave has allegedly peaked at $3.40 in January 2025, and the next move from here is an extended move downwards. The analysis also references the Bullish/Bearish Reversal Bar Indicator by Skyrexio, which confirmed the conclusion of the 12-year cycle. Now, the proposed target for the correction is set around $0.1, based on the 0.5 Fibonacci retracement level. Contrasting Prediction As Majority Remain Bullish On The Altcoin’s Future At the time of writing, XRP is trading at $2.43, meaning that a correction to $0.1 would represent a 95% decline from its current level. Such a drop would not only erase nearly all of XRP’s gains since 2017 but would also mark one of the most devastating collapses in its history. Interestingly, this projected loss in XRP market cap would be even greater than the one witnessed during the years it was suppressed by the weight of the SEC lawsuit against its parent company Ripple. Related Reading: XRP Price Forms Bullish Flag On Daily Time Frame That Could Drive Price 45% To $2.9 This bearish prediction contrasts the overwhelmingly bullish sentiment currently surrounding XRP. Many analysts and investors expect extended price growth in anticipation of institutional adoption and regulatory clarity under the new Trump administration. One analyst even recently predicted that the XRP price is about to make an all-time high run to $5. Another analyst, Javon Marks, noted that XRP is well on track to reach over $100 in the coming years. Featured image from Medium, chart from Tradingview.com
XRP price is moving higher from the $2.320 support zone. The price must clear the $2.50 and $2.52 levels to start a fresh increase in the near term. XRP price started a decent upward move from the $2.320 zone. The price is now trading above $2.420 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2.380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it clears the $2.50 resistance zone. XRP Price Holds Support XRP price managed to stay above the $2.32 support and avoided more losses, like Bitcoin and Ethereum. A base was formed, and the price started a decent upward move above the $2.35 and $2.40 levels. The price surpassed the 50% Fib retracement level of the downward move from the $2.5241 swing high to the $2.3353 low. The current price action is positive, and the price is now trading near the $2.50 resistance zone. There is also a key bullish trend line forming with support at $2.380 on the hourly chart of the XRP/USD pair. The price is now trading above $2.420 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.480 level or the 76.4% Fib retracement level of the downward move from the $2.5241 swing high to the $2.3353 low. The first major resistance is near the $2.50 level. The next resistance is $2.520. A clear move above the $2.520 resistance might send the price toward the $2.60 resistance. Any more gains might send the price toward the $2.650 resistance or even $2.720 in the near term. The next major hurdle for the bulls might be $2.80. Another Decline? If XRP fails to clear the $2.50 resistance zone, it could start another decline. Initial support on the downside is near the $2.420 level. The next major support is near the $2.380 level and the trend line. If there is a downside break and a close below the $2.380 level, the price might continue to decline toward the $2.320 support. The next major support sits near the $2.20 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.420 and $2.380. Major Resistance Levels – $2.50 and $2.520.
The massive demand came on a Saturday, when MoonPay’s fiat accounts were inaccessible due to the weekend with a public holiday on the following Monday for the swearing-in.
XRP price is struggling to gain pace for a move above the $2.50 zone. The price is now moving lower and might decline below the $2.30 level. XRP price started a fresh decline from the $2.50 zone. The price is now trading below $2.420 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2.3650 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it clears the $2.50 resistance zone. XRP Price Dips Again XRP price struggled to settle above the $2.50 resistance zone. The price started another decline from the $2.52 level, like Bitcoin and Ethereum. There was a move below the $2.45 level. The price dipped below the 50% Fib retracement level of the upward move from the $2.31 swing low to the $2.52 high. The price even spiked below the $2.40 level. However, there is a key bullish trend line forming with support at $2.3650 on the hourly chart of the XRP/USD pair. The price is now trading below $2.420 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.440 level. The first major resistance is near the $2.50 level. The next resistance is $2.520. A clear move above the $2.520 resistance might send the price toward the $2.60 resistance. Any more gains might send the price toward the $2.650 resistance or even $2.720 in the near term. The next major hurdle for the bulls might be $2.80. More Losses? If XRP fails to clear the $2.50 resistance zone, it could start another decline. Initial support on the downside is near the $2.3620 level or 76.4% Fib retracement level of the upward move from the $2.31 swing low to the $2.52 high. The next major support is near the $2.2650 level. If there is a downside break and a close below the $2.2650 level, the price might continue to decline toward the $2.140 support. The next major support sits near the $2.050 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.3650 and $2.280. Major Resistance Levels – $2.50 and $2.60.
XRP price tested the $2.280 zone and recently corrected some losses. The price is now facing hurdles near the $2.50 and $2.60 levels. XRP price started a recovery wave from the $2.280 zone. The price is now trading above $2.40 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2.450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it clears the $2.50 resistance zone. XRP Price Eyes Upside XRP price started a recovery wave from the $2.280 support zone, like Bitcoin and Ethereum. A base was formed and the price started an increase above the $2.32 and $2.35 levels. The bulls were able to push the price above the 23.6% Fib retracement level of the downward move from the $2.7849 swing high to the $2.2794 low. There was also a break above a connecting bearish trend line with resistance at $2.450 on the hourly chart of the XRP/USD pair. The price is now trading above $2.40 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.50 level. The first major resistance is near the $2.5320 level or the 50% Fib retracement level of the downward move from the $2.7849 swing high to the $2.2794 low. The next resistance is $2.60. A clear move above the $2.60 resistance might send the price toward the $2.720 resistance. Any more gains might send the price toward the $2.780 resistance or even $2.80 in the near term. The next major hurdle for the bulls might be $2.880. Another Decline? If XRP fails to clear the $2.50 resistance zone, it could start another decline. Initial support on the downside is near the $2.380 level or the 100-hourly Simple Moving Average. The next major support is near the $2.280 level. If there is a downside break and a close below the $2.280 level, the price might continue to decline toward the $2.140 support. The next major support sits near the $2.050 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.380 and $2.280. Major Resistance Levels – $2.50 and $2.60.
Ripple has expanded its presence in Europe through a partnership with Unicâmbio, a Portuguese crypto exchange. This partnership is set to streamline cross-border payments between Portugal and Brazil using Ripple Payments, according to a Feb. 10 statement. Cross-border payments The company said this move is a significant step in its broader strategy to enhance financial […]
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XRP price struggled to continue higher above the $2.720 zone and recently corrected gains. The price is moving lower and might struggle to stay above $2.2650. XRP price started a fresh decline after it failed to clear the $2.780 level. The price is now trading below $2.50 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.4650 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it clears the $2.50 resistance zone. XRP Price Dips Again XRP price started a recovery wave above the $2.250 support zone, like Bitcoin and Ethereum. The price gained pace for a move above the $2.450 and $2.500 resistance levels. The bulls pumped the price above the $2.70 level. However, the bears remained active near the $2.80 level. A high was formed at $2.780 and the price is now moving lower. There was a move below the $2.50 level. The price dropped toward the 50% Fib retracement level of the upward wave from the $1.7501 swing low to the $2.7750 high. The price is now trading below $2.50 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.450 level. There is also a connecting bearish trend line forming with resistance at $2.4650 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.50 level. The next resistance is $2.60. A clear move above the $2.60 resistance might send the price toward the $2.780 resistance. Any more gains might send the price toward the $2.880 resistance or even $2.920 in the near term. The next major hurdle for the bulls might be $3.00. More Losses? If XRP fails to clear the $2.50 resistance zone, it could start another decline. Initial support on the downside is near the $2.2650 level. The next major support is near the $2.1420 level or the 61.8% Fib retracement level of the upward wave from the $1.7501 swing low to the $2.7750 high. If there is a downside break and a close below the $2.1420 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.00 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.260 and $2.1420. Major Resistance Levels – $2.50 and $2.60.
XRP has shown resilience amid the market’s volatility and uncertainty, standing strong as it rebounds from recent lows. The price is now over 33% up from Monday’s low, signaling renewed momentum and a potential push toward higher levels. Despite ongoing turbulence in the broader crypto market, the price appears to be regaining strength, with investors closely watching its next move. Related Reading: Ethereum Trades Inside A Multi-Year Bullish Pennant – Analyst Sees A Breakout Above $4K Top analyst Ali Martinez shared on-chain data revealing a key trend that has unfolded during this recent market dip. According to Martinez, whales seized the opportunity, accumulating over 520 million coins. This significant accumulation suggests that large investors remain confident in XRP’s long-term potential and could be positioned for a major price move in the coming weeks. With XRP recovering from its recent lows and strong demand emerging at critical levels, traders are now eyeing a breakout above key resistance zones. The coming days will determine whether it can sustain its momentum and extend its rally. If whales continue to accumulate, the price could be setting up for a significant surge as market sentiment shifts toward bullish territory. XRP Whales Prepare For A Rally XRP has been one of the strongest-performing cryptocurrencies in the market since last November, consistently holding key levels despite volatility. As the broader market consolidates before the next big move, XRP appears well-positioned to extend its rally. Analysts are calling for a bullish cycle, citing technical and on-chain data supporting a significant price increase in the coming weeks. Top crypto analyst Ali Martinez recently shared key on-chain metrics on X, revealing that whales took advantage of the recent market dip to accumulate 520 million XRP. This large-scale buying activity indicates strong confidence from institutional investors and high-net-worth individuals who see XRP as a valuable asset in the current market structure. While retail investors often panic and sell during corrections, whales and institutions strategically accumulate, setting the stage for a potential price surge. Historically, whale accumulation during market downturns has been a strong indicator of future rallies, as these large players tend to position themselves ahead of major moves. The fact that XRP has bounced over 33% from Monday’s low reinforces the idea that strong hands are buying at key levels. Related Reading: Solana Could Target $220 If It Holds Current Levels – Analyst Expects Short-Term Bullish Momentum With the altcoin showing strength and buyers stepping in at crucial levels, analysts believe a breakout above supply zones is imminent. If the price continues to hold strong, the next move could take the price beyond key resistance, pushing it toward multi-year highs. The $2.70 and $2.90 levels remain critical resistance zones and once cleared, XRP could enter a parabolic phase. Price Holding Strong Amid Market Volatility XRP has experienced significant volatility in recent days, with sharp price swings shaking market sentiment. Currently, XRP stands at $2.37, showing resilience despite recent market turbulence. Holding above the crucial $2.30 support level is essential for maintaining bullish momentum and initiating a recovery into higher supply zones. This level has historically acted as a key demand area, and if it holds, XRP could see a strong rebound. For bulls to regain control and confirm a trend reversal, XRP must push above the $2.72 mark. This price level represents a key supply zone, and breaking above it would signal short-term strength, allowing for a potential rally toward higher resistance levels. If buyers step in with strong volume, XRP could aim for a breakout above $3.00, setting the stage for further price appreciation. Related Reading: Bitcoin Support Sits At $90,6K Short-Term Holder Realized Price – Expert Reveals Key Resistance Level However, if XRP fails to sustain support at $2.30, bearish pressure could intensify, leading to a deeper retracement. A drop below this level would likely send XRP toward the psychological $2.00 mark, where buyers would need to step in to prevent further downside. For now, all eyes are on whether XRP can reclaim key levels and maintain its bullish structure in the coming days. Featured image from Dall-E, chart from TradingView
XRP price struggled to continue higher above the $2.75 zone and recently corrected gains. The price is moving lower and might struggle to stay above $2.250. XRP price started a fresh decline after it failed to clear the $2.80 level. The price is now trading below $2.60 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.50 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it clears the $2.60 resistance zone. XRP Price Moves Lower XRP price started a recovery wave above the $2.20 support zone, like Bitcoin and Ethereum. The price gained pace for a move above the $2.250 and $2.400 resistance levels. The bulls pumped the price above the $2.60 level. However, the bears remained active near the $2.75 level. A high was formed at $2.780 and the price is now moving lower. There was a move below the $2.560 level. The price dropped and tested the 50% Fib retracement level of the upward wave from the $1.750 swing low to the $2.780 high. The price is now trading below $2.550 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.50 level. There is also a connecting bearish trend line forming with resistance at $2.50 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.60 level. The next resistance is $2.70. A clear move above the $2.70 resistance might send the price toward the $2.80 resistance. Any more gains might send the price toward the $2.920 resistance or even $3.00 in the near term. The next major hurdle for the bulls might be $3.050. More Losses? If XRP fails to clear the $2.50 resistance zone, it could start another decline. Initial support on the downside is near the $2.260 level. The next major support is near the $2.1450 level or the 61.8% Fib retracement level of the upward wave from the $1.750 swing low to the $2.780 high. If there is a downside break and a close below the $2.1450 level, the price might continue to decline toward the $2.00 support. The next major support sits near the $1.880 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.260 and $2.1450. Major Resistance Levels – $2.50 and $2.60.
XRP price struggled to continue higher above the $2.75 zone and dipped. The price is showing a few bearish signs below the $2.60 level. XRP price started a strong upward move above the $2.50 level. The price is now trading below $2.60 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.60 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it clears the $2.60 resistance zone. XRP Price Recovery Could Soon Fade XRP price started a recovery wave above the $2.00 support zone, like Bitcoin and Ethereum. The price gained pace for a move above the $2.20 and $2.45 resistance levels. The bulls pumped the price above the $2.60 level. However, the bears remained active near the $2.75 level. A high was formed at $2.780 and the price is now correcting gains. There was a move below the $2.60 level. The price dipped below the 23.6% Fib retracement level of the upward wave from the $1.750 swing low to the $2.780 high. The price is now trading below $2.60 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.60 level. There is also a connecting bearish trend line forming with resistance at $2.60 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.70 level. The next resistance is $2.780. A clear move above the $2.780 resistance might send the price toward the $2.940 resistance. Any more gains might send the price toward the $3.000 resistance or even $3.050 in the near term. The next major hurdle for the bulls might be $3.120. Another Decline? If XRP fails to clear the $2.60 resistance zone, it could start another decline. Initial support on the downside is near the $2.260 level or the Fib retracement level of the upward wave from the $1.750 swing low to the $2.780 high. The next major support is near the $2.150 level. If there is a downside break and a close below the $2.150 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.00 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.260 and $2.150. Major Resistance Levels – $2.60 and $2.70.
The XRP Ledger (XRPL) is back to full functionality after an unexpected halt in transaction validation that lasted about an hour. On Feb. 5, RippleX confirmed that “XRP Ledger has resumed forward progress” and that its team was investigating the cause. The incident raised concerns about the network’s stability and marked the second disruption in […]
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XRP price recovered most losses and rallied toward $2.75. The price is now facing hurdles near the $2.70 zone and might start another decline. XRP price started a strong upward move above the $2.60 level. The price is now trading below $2.70 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with resistance at $2.710 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it clears the $2.780 resistance zone. XRP Price Recovery Faces Resistance XRP price started a recovery wave from the $1.75 support zone, like Bitcoin and Ethereum. The price gained pace for a move above the $2.00 and $2.25 resistance levels. The bulls pumped the price above the $2.50 and $2.550 levels. However, the bears remained active below the $2.80 level. A high was formed at $2.780 and the price is now correcting gains. There was a move below the $2.62 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $1.750 swing low to the $2.780 high. The price is now trading below $2.70 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.70 level. There is also a new connecting bearish trend line forming with resistance at $2.710 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.780 level. The next resistance is $2.80. A clear move above the $2.80 resistance might send the price toward the $2.940 resistance. Any more gains might send the price toward the $3.000 resistance or even $3.050 in the near term. The next major hurdle for the bulls might be $3.120. Another Decline? If XRP fails to clear the $2.70 resistance zone, it could start another decline. Initial support on the downside is near the $2.420 level. The next major support is near the $2.2650 level or the 50% Fib retracement level of the upward move from the $1.750 swing low to the $2.780 high. If there is a downside break and a close below the $2.2650 level, the price might continue to decline toward the $2.20 support. The next major support sits near the $2.050 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.420 and $2.2650. Major Resistance Levels – $2.70 and $2.780.
The XRP/BTC ratio is looking to move out of the volatility bands, signaling a bullish imbalance in the market.
XRP price recovered most losses and rallied over 25%. The price is back above $2.65 and now faces hurdles near the $2.820 level. XRP price started a strong upward move above the $2.50 level. The price is now trading below $2.80 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2.420 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it clears the $2.820 resistance zone. XRP Price Recovers Over 25% XRP price started a fresh decline below the $2.850 zone, like Bitcoin and Ethereum. The price declined heavily below the $2.50 and $2.350 support levels. The bears even pushed it below $2.00. There was a sharp drop of over 25% and the price tested the $1.75 zone. A low was formed at $1.75 and the price recently started a sharp recovery wave. The bulls pumped the price above the $2.20 and $2.50 levels. There was a move above the 61.8% Fib retracement level of the downward move from the $3.155 swing high to the $1.750 low. Besides, there was a break above a connecting bearish trend line with resistance at $2.420 on the hourly chart of the XRP/USD pair. The price is now trading below $2.80 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.80 level. The first major resistance is near the $2.820 level and the 76.4% Fib retracement level of the downward move from the $3.155 swing high to the $1.750 low. The next resistance is $2.940. A clear move above the $2.940 resistance might send the price toward the $3.00 resistance. Any more gains might send the price toward the $3.050 resistance or even $3.120 in the near term. The next major hurdle for the bulls might be $3.20. Another Decline? If XRP fails to clear the $2.820 resistance zone, it could start another decline. Initial support on the downside is near the $2.620 level. The next major support is near the $2.50 level. If there is a downside break and a close below the $2.50 level, the price might continue to decline toward the $2.450 support. The next major support sits near the $2.350 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.620 and $2.450. Major Resistance Levels – $2.80 and $2.820.
The cryptocurrency community is abuzz with anticipation regarding XRP’s future price trajectory. Egrag Crypto, a market analyst, anticipates that XRP will experience a significant increase in value, with a potential 70% increase. Related Reading: Chainlink (LINK) Set For $36? Whale Moves Suggest A Big Rally—Analyst If these projections are accurate, XRP’s market capitalization could reach $300 billion in the near future, causing its price to fluctuate between $5 and $6. Nevertheless, the prospective for the future is the source of genuine enthusiasm. The token’s market capitalization could increase to over $1 trillion if XRP sticks to the patterns of previous market cycles, resulting in an estimated price of $20 per coin. Riding On The Success Of Past Cycles XRP has shown endurance over time even if the crypto industry is known to be erratic. Its possible surge is usually connected with past market cycles, in which similar trends led to significant price rise. #XRP – Market Cap ( First $300B – $1.1 T): ????Scenario 1: ????If we look at the channel’s measured move, #XRP‘s market cap could potentially rise to a staggering $4 trillion! ???? While this is possible, predicting the timing of such a move is tricky. If this happens, #XRP‘s price… pic.twitter.com/VfRzRbOKV4 — EGRAG CRYPTO (@egragcrypto) February 1, 2025 With the current positive outlook in the cryptocurrency market, it’s possible that XRP could also see similar growth. Analysts say that XRP’s promise comes from its main uses in decentralized finance and international payments. The $70 Prediction: Is It Realistic? Although some might consider an estimate of $70 unrealistic, it is not just based on wishful thinking. The potential for more institutions to adopt and clearer regulations, which experts see as broader market trends, are key factors driving this increase. Roadblocks Along The Way Still, XRP’s journey presents several difficulties. Legal conflicts like the current SEC case have always caused a lot of ambiguity. Such elements could influence XRP’s price and hinder any possible increase. XRP market cap currently at $133 billion. Chart: TradingView.com XRP Price Action Over the past 24 hours, XRP has fallen 20% to $2.31. Open interest has fallen 5.50% to $6 billion, suggesting some positions are closing. Meanwhile, options volume has fallen 63% to $4.50K, indicating a decline in speculation. In contrast, options open interest has risen 26% to $1.60 million, indicating renewed confidence among long-term traders. Related Reading: XRP Posts Highest Monthly Close Ever—What’s Next? The Journey To $20 And Beyond In the future, it is feasible for XRP to achieve a price of $20 if it is able to surpass the $1.1 trillion market valuation. In anticipation of this prediction becoming a reality, investors and analysts are intently monitoring XRP. XRP is a noteworthy contender for significant future development due to its strong fundamentals and its position in the market, despite the general lack of certainty in the cryptocurrency world. Featured image from DALL-E, chart from TradingView
XRP price started a major decline below the $3.00 zone. The price is down over 25% and there was a spike below the $2.00 support zone. XRP price started a fresh decline below the $2.80 and $2.50 levels. The price is now trading below $2.60 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.45 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it clears the $2.50 resistance zone. XRP Price Eyes Recovery XRP price started a fresh decline below the $3.00 zone, like Bitcoin and Ethereum. The price declined heavily below the $2.80 and $2.50 support levels. The bears even pushed it below $2.00. There was a sharp drop of over 25% and the price tested the $1.75 zone. A low was formed at $1.75 and the price is now correcting some losses. There was a move above the $2.00 level. The price surpassed the 23.6% Fib retracement level of the downward move from the $3.155 swing high to the $1.750 low. The price is now trading below $2.750 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.30 level. The first major resistance is near the $2.40 level. The next resistance is $2.450. There is also a connecting bearish trend line forming with resistance at $2.45 on the hourly chart of the XRP/USD pair. It is close to the 50% Fib retracement level of the downward move from the $3.155 swing high to the $1.750 low. A clear move above the $2.450 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.650 resistance or even $2.720 in the near term. The next major hurdle for the bulls might be $3.00. Another Decline? If XRP fails to clear the $2.40 resistance zone, it could start another decline. Initial support on the downside is near the $2.10 level. The next major support is near the $2.00 level. If there is a downside break and a close below the $2.00 level, the price might continue to decline toward the $1.850 support. The next major support sits near the $1.750 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.10 and $2.00. Major Resistance Levels – $2.40 and $2.50.
XRP has ushered in 2025 with a robust bullish performance, achieving its highest monthly close to date. As a result of significant advancements in regulation and institutional adoption, the token’s surge coincides with a growing sense of optimism in the broader crypto market. XRP advanced toward critical price levels during January’s rally, which established the foundation for potential future gains. Related Reading: Stablecoins Hit $200 Billion—Does This Signal A Massive Crypto Rally? XRP Record Monthly Close Sparks Optimism January was an important month for XRP because it reached its highest closing price ever. On January 16, the token hit a monthly high of $3.39, getting close to its record high from 2018. This positive trend, driven by growing market confidence and more people using XRP, has sparked new conversations about its long-term promise. highest monthly close ever for XRP- $3.03 pic.twitter.com/boHBsHi6vP — xoom (@Mr_Xoom) February 1, 2025 XRP’s price has changed a lot. After a big jump and peak in January 2018, its value dropped sharply, falling more than 60% that month and kept going down. It stayed around $0.2700 until it suddenly rose in 2021, but that increase didn’t last long. Renewed Vigor Despite years of underperformance, XRP is now showing renewed strength. Ecosystem growth, positive macroeconomic shifts, including the RLUSD launch, and potential regulatory changes are fueling this resurgence. XRP’s recent price reflects this change. After strong gains in late 2023, it closed January at an all-time high of $3.0359, signaling a potential long-term uptrend. A significant factor in the rapid price fluctuations of XRP, according to market analysts, is its liquidity structure. In contrast to Bitcoin, XRP’s order books are relatively thinner, which facilitates the upward movement of the price through the implementation of substantial purchase orders. Throughout January, this attribute was most evident, as robust demand resulted in rapid growth. Recent Regulatory Changes Seen To Intensify Rally The expected changes in regulations in the United States are an important reason why XRP has been rising lately. There is talk of a possible friendlier environment for cryptocurrency regulations after news that US Securities and Exchange Commission Chairman Gary Gensler has stepped down. This situation has encouraged investors to feel positive, especially about assets like XRP, which has faced regulation issues for a long time. XRP is gaining more attention because of its present momentum and the potential introduction of spot ETFs for altcoins. Market participants are examining other well-known digital assets to see if they can generate the same level of demand as Bitcoin ETFs. The creation of an XRP ETF would attract significant investment from large institutions, further boosting the token’s value. Related Reading: 21Shares Bets On Polkadot, Files For Spot ETF With SEC Price Action And Market Sentiment The current trading levels of XRP are indicative of its recent robust performance. At the time of writing, the asset was trading at approximately $2.78, with intraday fluctuations suggesting that volatility will persist. The token momentarily reached $2.95 before slightly retracing, indicating that traders were taking profits and exhibiting bullish strength. Meanwhile, on-chain data indicates that there has been an increase in activity among large holders, who are informally known as “whales.” Some analysts anticipate a potential breakout if key resistance levels are breached in the coming weeks, as their accumulation patterns suggest confidence in XRP’s long-term growth. Featured image from Pexels, chart from TradingView
This coincided with the launch of Donald Trump's memecoin $TRUMP which caused a wave of inflows to the network