XRP’s recent price movements have followed a pattern that crypto analyst Javon Marks believes signals the potential for a strong continuation rally. Sharing his analysis on the social media platform X, Marks pointed to a “hidden bullish divergence” on XRP’s daily candlestick chart. Despite the ongoing price crash, the presence of this bullish divergence opens up new bullish targets for the XRP price. XRP’s Price Crash Worsens, But Hidden Bullish Divergence Suggests Next Move XRP’s price action has faced consistent downward pressure over the past week, with the decline intensifying in the past 24 hours. At the time of writing, XRP has dropped by approximately 13% in the past 24 hours and is on the verge of retesting a crucial support level at $2. Related Reading: XRP Price Breaks Out Of Symmetrical Triangle Pattern, Why The Target Is $8 However, an interesting analysis shows that this decline is part of a hidden bull divergence pattern, where both the price and the RSI indicators are creating a series of highs and lows on the 1-day candlestick timeframe. This interesting pattern is characterized by higher lows and higher highs on the XRP price chart, while there’s a series of lower lows and lower highs on the RSI indicator. This divergent formation between the cryptocurrency’s price and the RSI is known to be bullish. Particularly, it suggests the selling pressure shown by the RSI could be slowing down. Javon Marks emphasized that XRP is preparing for a “massive continuation wave up” and that the necessary technical confirmations for such a move are already in place. This assertion builds upon his earlier February 18 analysis, where he described the hidden bullish divergence as forming in a “textbook fashion. Crash To Reverse Soon? Price Targets To Watch According to Javon Mark’s projection, an upside move would see the XRP price eventually creating a higher high, as expected from the bullish divergence pattern. In terms of a specific price target, Mark’s projection shows that the next peak could reach at least $3.80. If realized, this would push XRP beyond its current all-time high of $3.40. Related Reading: XRP Price Rallies To ATH At $3.4, Here’s What’s Driving It And Why The Pump Will Continue However, this outlook hinges on the XRP price holding above the bullish divergence support at $2. Any sustained breakdown below this threshold could challenge the strength of the projected rally and alter the bullish outlook. Adding to this perspective, Marks also noted the similarity between XRP’s consolidation in the past few weeks since it reached $3.36 and that of a consolidation after a strong rally in the first half of 2017 after a strong rally. Although the current consolidation phase has lasted longer than the one observed back then, both formations share key structural similarities. The 2017 consolidation ultimately led to a continuation rally that pushed the XRP price to new highs. If history repeats itself, the present consolidation could also be a precursor to another significant leg up. At the time of writing, XRP is trading at $2.15, down by 13.2% and 15.9% in the past 24 hours and seven days, respectively, and is now in danger of losing the $2.0 support soon. Featured image from Adobe Stock, chart from Tradingview.com
XRP price started a fresh decline below the $2.550 and $2.50 support levels. The price is now testing $2.250 and might continue to move down. XRP price started a fresh decline below the $2.50 level. The price is now trading below $2.50 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2.4880 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to move down unless there is a close above the $2.50 resistance zone. XRP Price Dips Below Support XRP price failed to continue higher above the $2.75 resistance zone and started a fresh decline, like Bitcoin and Ethereum. There was a move below the $2.65 and $2.55 support levels. The price even dipped below the $2.50 support to enter a bearish zone. A low was formed at $2.2310 and the price is now attempting to recover toward the 23.6% Fib retracement level of the downward wave from the $2.7450 swing high to the $2.2310 low. 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 $2.3250 level. The first major resistance is near the $2.40 level. The next resistance is $2.4880 or the 50% Fib retracement level of the downward wave from the $2.7450 swing high to the $2.2310 low. There is also a key bearish trend line forming with resistance at $2.4880 on the hourly chart of the XRP/USD pair. A clear move above the $2.4880 resistance might send the price toward the $2.550 resistance. Any more gains might send the price toward the $2.620 resistance or even $2.650 in the near term. The next major hurdle for the bulls might be $2.750. More Losses? If XRP fails to clear the $2.3250 resistance zone, it could start another decline. Initial support on the downside is near the $2.250 level. The next major support is near the $2.220 level. If there is a downside break and a close below the $2.220 level, the price might continue to decline toward the $2.120 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 – $2.220 and $2.120. Major Resistance Levels – $2.40 and $2.4880.
XRP price is struggling to clear the $2.60 and $2.70 levels. The price is now at a risk of more downsides below the $2.50 support zone. XRP price started a fresh decline below the $2.620 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 $2.5650 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 Dips To Support XRP price attempted to gain pace for a move above the $2.750 level. However, the bears remained active and the price started a fresh decline below the $2.650 support, like Bitcoin. The price even dipped below $2.60 and tested the $2.50 support. A low was formed at $2.508 and the price is now attempting to recover. There was a move above the 23.6% Fib retracement level of the downward wave from the $2.7450 swing high to the $2.508 low. 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 $2.5650 level. There is also a connecting bearish trend line forming with resistance at $2.5650 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.60 level. The next resistance is $2.620 or the 50% Fib retracement level of the downward wave from the $2.7450 swing high to the $2.508 low. A clear move above the $2.620 resistance might send the price toward the $2.650 resistance. Any more gains might send the price toward the $2.720 resistance or even $2.750 in the near term. The next major hurdle for the bulls might be $2.850. More Losses? If XRP fails to clear the $2.60 resistance zone, it could start another decline. Initial support on the downside is near the $2.520 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 $2.40 support. The next major support sits near the $2.320 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 – $2.520 and $2.50. Major Resistance Levels – $2.60 and $2.620.
The XRP market experienced a rather turbulent trading week resulting in a net loss of 7.22%. While the altcoin has shown some stability over the past day, there is no indication of price recovery. Amid these developments, X digital asset analysis handle More Crypto Online has shared some market updates highlighting important price levels for the XRP market. Related Reading: Altseason On The Way? Key DeFi Developments Signal Major Crypto Surge XRP Bulls Await Breakout Confirmation As Market Remains Neutral In a new X post on February 22, More Crypto Online provides an intriguing XRP price analysis identifying the needed conditions for a bullish or bearish development. According to these analysts, XRP is currently in neutral consolidation range indicating neither bulls nor bears are welding market control. Based on the Elliot Wave Theory, it is understood the altcoin is holding well above the critical price of $2.47 which allows a bullish orange scenario to remain viable. XRP enthusiasts must avoid any decisive price fall below this support level which could activate a yellow bearish scenario. In this case, XRP could slide into a downtrend with potential support levels identified at $2.34, $2.22, $2.11, and $1.95. On the other hand, aside from staying above $2.47, More Crypto Online states that market bulls must force a price surge above the $2.75 resistance zone to confirm any bullish breakout. Thereafter, XRP could surge to above $3.30. Interestingly, fellow analyst Egrag Crypto presents a higher validation point for the XRP bullish case, stating a monthly close above $3.00 is needed to show sufficient buying pressure for a sustained uptrend. As reported by NewsBTC, this development would pave the way for a new all-time high of around $6.00. Related Reading: Bitcoin Price Suppression Below $100,000 Worries Investors, JPMorgan Analysts Reveal Real Problem XRP Market Overview: Time To Hodl? At press time, XRP trades at $2.56 reflecting a 0.84% in the past day. Meanwhile, the altcoin’s monthly losses have now increased to 16.18%. XRP has failed to struggle to regain its bullish form from November 2024 due to multiple factors including widespread market uncertainty. However, data from CoinMarketCap reflects that the altcoin community remains largely bullish with expectations of long-term profitability. This optimism can be attributed to factors such as the growing potential of XRP Spot ETF amidst strong investor confidence in the new US administration’s pro-crypto approach. Interestingly, this policy change has shown significant rewards as the US Securities and Exchange Commission (SEC) abruptly withdrew its lawsuit against Coinbase Exchange. If a similar development occurs in the Commission’s case against Ripple, it could translate into a major bullish driver for the XRP market. Featured image from iStock, chart from Tradingview
XRP price is correcting gains from the $2.750 resistance. The price is still showing positive signs and might aim for a move above the $2.750 resistance zone. XRP price started a fresh increase above the $2.620 level. The price is now trading above $2.620 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.720 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 Faces Resistance XRP price remained supported above the $2.550 level. It formed a base and started a strong increase above the $2.62 resistance zone, outperforming Bitcoin and Ethereum. The price cleared the $2.650 and $2.680 resistance levels. There was a clear move above the 61.8% Fib retracement level of the downward wave from the $2.8320 swing high to the $2.470 low. However, the bears were active near the $2.750 resistance zone. They protected a close above the 76.4% Fib retracement level of the downward wave from the $2.8320 swing high to the $2.470 low. The price is now moving lower below $2.70. The price is now trading above $2.720 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.720 level. There is also a connecting bearish trend line forming with resistance at $2.720 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.750 level. The next resistance is $2.80. A clear move above the $2.80 resistance might send the price toward the $2.850 resistance. Any more gains might send the price toward the $2.920 resistance or even $2.950 in the near term. The next major hurdle for the bulls might be $3.00. 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 $2.650 level. The next major support is near the $2.60 level. 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 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 – $2.650 and $2.60. Major Resistance Levels – $2.720 and $2.750.
XRP price is up over 5% from the $2.50 support. The price is showing positive signs and might aim for a move above the $2.820 resistance zone. XRP price started a fresh increase above the $2.550 level. The price is now trading above $2.650 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line 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 $2.750 resistance zone. XRP Price Jumps Over 5% XRP price remained supported above the $2.50 level. It formed a base and started a strong increase above the $2.55 resistance zone, outperforming Bitcoin and Ethereum. The price cleared the $2.60 and $2.620 resistance levels. There was a break above a key bearish trend line with resistance at $2.620 on the hourly chart of the XRP/USD pair. The pair rallied above the 50% Fib retracement level of the downward move from the $2.8320 swing high to the $2.470 low. 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. It is near the 76.4% Fib retracement level of the downward move from the $2.8320 swing high to the $2.470 low. The first major resistance is near the $2.80 level. The next resistance is $2.820. A clear move above the $2.820 resistance might send the price toward the $2.880 resistance. Any more gains might send the price toward the $2.920 resistance or even $2.950 in the near term. The next major hurdle for the bulls might be $3.00. 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 $2.650 level. The next major support is near the $2.60 level. 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 above the 50 level. Major Support Levels – $2.650 and $2.60. Major Resistance Levels – $2.750 and $2.820.
XRP’s price trajectory has had ups and downs in the past two weeks. Particularly, the large part of the past seven days was characterized by a notable decline from $2.8 to $2.5 before rebounding at this level. Interestingly, this fall towards $2.5 was highlighted by a crypto analyst on the TradingView platform, who also noted a breakout potential. Crypto analyst TehThomas previously identified the $2.5 level as a key Fair Value Gap (FVG) that could act as strong support and recent price movements suggest that buyers are now stepping in after hitting this level. XRP Tests Key Fair Value Gap At $2.50 TehThomas’ analysis highlighted $2.50 as a significant liquidity zone where XRP could establish support before continuing its uptrend. This level has acted as an imbalance in price action during this cycle and has often caused a reaction as traders step in to fill the gap. At the time of the analysis, XRP was trading at $2.64, but the analyst noted that the cryptocurrency could keep falling until it reaches $2.5 and rebounds upwards. Related Reading: XRP Price Breaks Out Of Symmetrical Triangle Pattern, Why The Target Is $8 Over the past two days, XRP has moved in line with this projection. The cryptocurrency retraced from $2.64, dipping to as low as $2.47 before showing a swift recovery. The rapid bounce from this zone indicates that buy orders were concentrated at this level, and bulls who anticipated a reaction here also stepped in. Now that the decline and rebound have played out as expected, the focus is now on how XRP will behave in the next few days. Having tested and respected this $2.5 support zone, the next question is whether the bulls can build on this momentum and push upward. Demand Zone To Send The Altcoin Soaring With the Fair Value Gap showing signs of acting as strong support, crypto analyst TehThomas believes the next critical step for XRP is breaking above a descending resistance trendline. The breakout point for this descending resistance trendline is around $2.65, and the path between $2.5 and $2.6 is the demand zone for opening long positions. However, there is also the possibility of a retest of the descending resistance trendline after a breakout. If the XRP price can successfully retest and hold above the trendline, it will provide confirmation of the bullish momentum for a further upside move. Related Reading: XRP Price Eyes Bullish Flag Breakout That Could Put 50% Gains On The Board Should this scenario play out, XRP’s next target sits at $3.00, which is another key Fair Value Gap. TehThomas notes that reclaiming this level could trigger an extended rally, with further upside potential beyond $3 depending on market conditions. At the time of writing, XRP is trading at $2.55. Featured image from Adobe Stock, chart from Tradingview.com
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
XRP has finally shattered a critical resistance level, surging past $2.7 and breaking above the 100-day Simple Moving Average (SMA). This bullish move signals renewed strength in the market, with buyers stepping in to drive momentum higher. After weeks of sideways trading, XRP’s breakout could be the catalyst for further gains, but can the bulls sustain this rally? With technical indicators flashing positive signals, XRP now faces the challenge of turning this breakout into a lasting uptrend. If buying pressure remains strong, the crypto might be eyeing higher resistance zones, setting the stage for an extended rally. However, if the price struggles to hold above $2.7, a pullback would likely come into play. Market Sentiment Shifts As XRP Gains Momentum XRP’s breakout above $2.7 and the 100-day SMA have injected fresh optimism into the market, shifting sentiment in favor of the bulls. After a period of consolidation, traders are now seeing renewed confidence as buying pressure pushes the price higher. Investor enthusiasm is growing, with many anticipating further upside if key resistance levels continue to fall. Related Reading: Analyst Shares Upper And Lower Targets For XRP Price The breakout has sparked renewed buying interest, evident in the rising trading volume and improving technical indicators, which suggest a potential continuation of the upward trend. As more market participants recognize the breakout as a bullish signal, demand for XRP is increasing, reinforcing positive sentiment in the market. One of the key indicators confirming this upward push is the Moving Average Convergence Divergence (MACD), which is currently trending higher above the zero line. This positioning signals that bullish momentum is strengthening, with the MACD line diverging more from the signal line, a classic indication that buying pressure is increasing. However, despite the growing optimism, market volatility remains a factor. If the altcoin fails to maintain its position above $2.7, it could trigger profit-taking, leading to a short-term retracement. That said, as long as market sentiment remains positive and XRP holds above key support levels, the bulls might maintain control and push the price higher in the coming sessions. Key Levels To Watch After The Breakout With XRP surging past $2.7 and the 100-day SMA, all eyes are now on the next critical price levels that could determine the coin’s next move. Holding above this breakout zone is crucial for bulls to maintain control and push the price toward higher targets. Related Reading: XRP Price Explodes 25%: Will The Recovery Sustain or Fizzle Out? Immediate resistance to watch is the $2.9 level, which currently stands as a crucial hurdle for XRP’s price action. A decisive breakout above this range may confirm that bulls are firmly in control, setting the stage for more upside momentum such as the $3.4 range. A drop below the $2.7 level could signal that the recent breakout was not sustainable, potentially leading to a shift in market sentiment. If XRP fails to establish $2.7 as a strong support zone, it may indicate a false breakout, where bullish momentum fades and sellers regain control. Featured image from Adobe Stock, chart from Tradingview.com
The XRP market experienced a major rally in the last day following the SEC’s acknowledgment of Grayscale’s XRP ETF filling. According to data from CoinMarketCap, the prominent altcoin rose by 11% reaching a local peak of $2.81 before experiencing a significant retracement to $2.39. With XRP on the rise again, investors must note the asset must scale certain price barriers to validate its current bullish momentum. Related Reading: Ethereum Indicator Flashes Buy Signal On The Weekly Chart – Potential For A Rebound? XRP Must Move Past $3.40 To Retain Market Interest Popular market analyst Egrag Crypto has shared an intriguing analysis of the XRP market. In an X post on February 14, the crypto expert states that the third-largest cryptocurrency must achieve a strong close above $2.75 (marked in green) to sustain its current upward trend. Based on historical data, $2.75 has presented a significant resistance level. If XRP can close and hold above this price zone on its 4-hour trading chart, it would indicate that buyers are gaining control of the market following a month of major price loss. Thereafter, the altcoin must attain another price close above $2.94 (marked in yellow) which would suggest a higher bullish momentum with significant potential for new highs such as $3.22. For the XRP market, each confirmed close above these specified price levels strengthens the present bullish momentum. However, Egrag Crypto warns that all price movement below the current bull rally peak of $3.40 will remain merely “noise” in the long run. The analyst warns that XRP must break above this psychological price level to confirm a certain trend shift in the upward direction. Related Reading: Shiba Inu Millionaire Numbers Fall Below 1,000 After Market Crash, How Much Do They Control? XRP Market Overview At press time, XRP trades at $2.73 following an aggregate 6.43% gain in the past 24 hours. The asset’s trading volume is up by 66.61% indicating a high level of interest from market participants. On its 7-day chart, XRP boasts 13.78% gains, reducing its monthly loss to around 8.39%. Amidst its recent price retracement, community sentiments in the XRP market remain highly bullish, especially with the advancement of a potential XRP ETF. By acknowledging Grayscale’s ETF application, the SEC is allowed an initial review period of 45 days – potentially extensible to 240 days – to approve or reject the proposed ETF. With the implementation of the pro-crypto agenda of Donald Trump, investors are highly positive about an approval suggesting a potential influx of institutional capital as seen with the Bitcoin Spot ETFs. Featured image from Money Check, price 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
XRP’s price action within the past seven days has been limited to a trading range as investors look to recover the losses they incurred at the beginning of February. This range is a consequence of the current indecisiveness on the XRP price. However, popular crypto analyst EGRAG CRYPTO has provided a detailed breakdown of XRP’s price trajectory from here. Particularly, the analyst highlighted crucial support and resistance levels that could determine XRP’s movement at each stage. XRP’s Lower Price Targets Indicate Key Support Levels Sharing his insights on X, EGRAG CRYPTO pointed out that recent price action suggests market manipulation was at play, liquidating leveraged traders before a rebound. His observation followed the sharp downturn in the first three days of February when XRP’s price dipped below $3 and found a temporary bottom at $2.12. Furthermore, this decline included a wick that caused a wave of liquidations among leveraged traders. Related Reading: XRP Price Forms Bull Flag On 4-Hour Chart That Could Lead To Massive Breakout Above $2.46 However, the analyst maintains that as long as XRP remains above a certain blue channel on the XRP chart below, the outlook remains positive for its price trajectory. With this in mind, EGRAG CRYPTO provided a set of lower targets that serve as key support levels, emphasizing that closing below any of them could signal weakness. Although price wicks may occur, the analyst suggests that the integrity of the bullish structure remains intact as long as the XRP price does not close below these levels. These support levels are at $2.21, $2.00, $1.80, $1.74, and $1.60. A break and close below the lowest support at $1.60 could indicate a final shift in sentiment and cause a deeper price correction. Upper Targets Signal Potential Bullish Breakout On the bullish side, EGRAG CRYPTO outlined upper price targets that could confirm a strong breakout if XRP successfully closes above them. The analyst identified these targets as $2.62, $2.75, $2.94, $3.22, and $3.40. Notably, XRP had already traded above these price targets during this cycle and even closed above the first four targets in the daily timeframe. Related Reading: Crypto Analyst Predicts XRP Price Will Be $5 By January, Reveals When Price Will Cross $10 EGRAG CRYPTO noted that the higher the price closes above these targets, the more bullish the outlook becomes, particularly over longer timeframes. A breakout and close above $3.40 would mark the first time the cryptocurrency has reached a new all-time high in over seven years. . Furthermore, the analyst price action within the $2 to $3.40 range might simply be market noise. Hence, sustained closes above the resistance levels are all the confirmation that’s needed. At the time of writing, XRP is trading at $2.55, reflecting a 4.6% increase over the past 24 hours. This upward movement brings XRP closer to testing the first breakout target of $2.62. Featured image from Pexels, 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.
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.
The past 24 hours have seen bullish momentum return to XRP, with the cryptocurrency now reclaiming the $2.5 price level. This bullish momentum comes after a seven-day stretch of range consolidation between resistance at $2.5 and support at $2.3. Despite this consolidation of the price, technical analysis shows that XRP is still trading in a bullish setup, especially on the daily candlestick timeframe. Notably, this bullish setup shows that the XRP price is about to make a new all-time high run to $5. Bullish RSI Divergence And Strong Support Set The Stage Technical analysis of the XRP price, which was posted on the TradingView platform, shows that the cryptocurrency is on the verge of a maximum surge in the coming weeks. Technical indicators play a crucial role in this outlook, which is currently bullish, despite the recent price downturn. Related Reading: XRP Price Breaks Out Of Symmetrical Triangle Pattern, Why The Target Is $8 One such technical indicator is the Relative Strength Index (RSI), which measures momentum in price movements. The RSI, for one, is flashing a bullish divergence on the daily timeframe. This occurs when the RSI makes higher lows while price action makes lower lows, which is a signal of reversal to the upside. Furthermore, technical analysis shows that despite the price downturn, XRP has managed to hold above strong support at $2. The ability of XRP to hold above the support means that the recent selling pressure wasn’t an XRP price weakness as many expect, but only a consequence of a wider downturn in the entire crypto market. With the bullish structure intact and selling pressure appearing to wane, the asset remains in a strong position for a renewed rally, with a $5 target in sight. Can XRP Break Its All-Time High And Rally To $5? XRP’s all-time high remains at $3.40 and has yet to return to this price level since January 7, 2018. However, the altcoin has been one of the best performers this cycle, and this all-time high might not stand for long. In a recent rally, the cryptocurrency surged to $3.36, only to face sharp rejection from bearish resistance just before breaking new ground. Related Reading: XRP Price Prediction To $4.9: How The 1-Day 50 MA Will Drive The Next Wave A move to $5 would not only mark a new all-time high but also solidify XRP as the best performer this cycle. The path to this milestone, however, will require the cryptocurrency to overcome key resistance zones, particularly around the $2.8 and $3 levels, where selling pressure has shot up this cycle. At the time of writing, XRP is trading at $2.51, having increased by about 4.5% in the past 24 hours. If bullish momentum continues to build and XRP successfully clears these barriers, the projected $5 price target could be within reach. Featured image from Adobe Stock, chart from Tradingview.com
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.
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.
According to data from CoinMarketCap, XRP recorded a substantial price decline in the past trading week losing 16.78% of its market value. Currently, the prominent altcoin finds itself in a consolidation zone potentially gathering momentum for its next breakout. Related Reading: Dogecoin Price To $1, XRP To $6, And Solana To $1,000? Pundit Says You’re Not Bullish Enough XRP Price At Crucial Juncture In a recent X post, popular digital asset expert Egrag Crypto shared a technical analysis of the XRP market presenting both possible bullish and bearish scenarios. This analysis was based on Fibonacci retracement levels which identifies potential support and resistance levels and the 21-day exponential moving average which smoothens out price data giving more weight to recent prices. According to Egrag Crypto, XRP is expected to range between $2.27 (Fib 0.382) and $2.45 ( Fib 0.5). However, there is potential for prices to swing within a wider boundary of $2.06 (Fib 0.236) – $2.65 (0.618). Notably, the altcoin gained by 1.67% in the past day. However, a daily price close above the 21 EMA which is currently at $2.70 is crucial in confirming any uptrend. Interestingly, if market bulls are able to force a strong close above $2.80 (Fib 0.702), this would suggest a major bullish signal indicating the current XRP buying pressure is sufficient to break higher resistance levels. On the other hand, Egrag Crypto warns that traders must avoid any price fall to $1.77 which may not necessarily invalidate the current bullish structure but would suggest rising bearish pressure. Related Reading: Altcoins Season: Recent Crypto Dip Shows Decline May Be Over And Bulls Are Taking Charge XRP Market Overview At the time of writing, XRP trades at $2.49 after a 4.43% increase in the last 24 hours as previously stated. However, the asset’s trading volume is down by 56.85% indicating a lack of interest and uncertainty in the market. However, considering XRP’s overall bearish form in the last seven days, a fall in trading volume may also suggest reduced selling pressure pointing to a potential reversal. Generally, XRP investors remain bullish on the asset’s prospects driven by several factors but most notably by the potential of an XRP Spot ETF. In the past week, there were significant developments on that front as the Chicago Board Options Exchange filed 19b-4 applications with the US Securities and Exchange Commission (SEC) seeking to list and trade the XRP spot ETFs proposed by WisdomTree, Bitwise, 21 Shares, and Canary. Once the SEC acknowledges receipt of these applications, the US regulator is granted a 45-day window – with potential extensions of up to 240 days – to assess and make an approval decision on the proposed ETFs. Featured image from Trackinsight, chart from Tradingview
Crypto analyst ProjectSyndicate has made a bullish case for the XRP price, which he predicts could record 40% gains soon enough. The analyst also revealed the price level, which he believes is ideal for market participants to buy and hold XRP. XRP Price Eyes 40% Gains As Analyst Reveals Key Level In a TradingView post, ProjectSyndicate predicted that the XRP price could witness a 40% move to the upside soon enough. This came following his analysis of XRP’s 4-hour chart. He noted that the outlook remains bullish despite the current pullback in progress. The analyst added that buying low is still a perfect trade setup with low risk. Related Reading: XRP Price Forms Descending Triangle On The Daily Chart, Why $1.95 Is Important Project Syndicate remarked that the price is currently in correction mode after the retest of the all-time high. He added that there is limited upside at the current market price of $2.50. In line with this, he asserted that the pullback isn’t complete and predicted that XRP could still drop to as low as $2 before it records the 40% gains that he predicted. Based on his strategy of buying low, he recommended that market participants should look to buy and hold the crypto when its price drops to $2. He also advised that they should take profit when XRP records the 40% gains as it rebounds to $2.80. The XRP price has suffered one of the worst pullbacks among the major caps amid the current bearish sentiment in the crypto market. As a result, XRP has also lost its spot as the third-largest crypto by market cap, dropping to number four behind USDT. However, amid this pullback, crypto analyst ColdBloodedCharter has also stated that now is a great opportunity to accumulate XRP. He highlighted $2.50, between $2.25 and $2.30, and between $1.90 and $2 as buy-the-dip levels that “make sense.” This Pullback Could Be The Final Low Before Liftoff In an X post, crypto analyst CasiTrades raised the possibility of this pullback being the final low before a price liftoff. She asserted that there has been no change to the overall bullish setup on XRP, although the crypto is now targetting Wave 3 down extensions at $2.16, $1.87, and $1.57 for the next major support. Related Reading: XRP’s Price Breakout Sets The Tone For A Historic Bull Run To A New All-Time High The crypto analyst opined that the XRP price is in the fifth wave of C within an ABC pattern for a large Wave 2. She added that the sell-off massively extended the asset past C targets, but the pattern still needs to be completed. With this development, CasiTrades stated that this means that XRP could be at the final low before a massive Wave 3 up begins. She added that this would send the altcoin past previous all-time highs (ATHs) with minimal resistance. At the time of writing, the XRP price is trading at around $2.45, down almost 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Medium, chart from Tradingview.com
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 price has entered a Golden Pocket—a key Fibonacci retracement level that often acts as strong support. According to a crypto analyst, this new development could present an attractive buying opportunity for investors, especially as the market consolidates. XRP Price Golden Support Could Trigger Rebound A crypto analyst, known as “ColdBloodedCharter’ on TradingView, has presented a detailed technical chart analysis of XRP, discussing its current position, potential future trends, and key buying levels. The analyst disclosed that XRP is currently inside a Golden Pocket, supported by a 50-day Moving Average (MA) directly below it. Related Reading: XRP Bulls Shake Off Crash, Target This Major Resistance On The Road To $3.85 The analyst noted that his previous analysis from the day before was playing out exactly as planned, with the new Golden Pocket acting as a resistance level when approached from below. On a short-term outlook, the TradingView crypto expert expects no immediate breakout for the XRP price. This bleak forecast is attributed to the possible selling pressure fueled by the recent 500 million XRP escrow unlocks initiated by Ripple Labs earlier this week. The analyst also cited XRP’s current consolidation phase, which started 19 days after hitting a cycle high, as a barrier to an immediate bullish price breakout. The last consolidation phase lasted as long as 39 days after XRP had reached $2.91 on December 3, 2024. Looking at the analyst’s price chart, XRP formed a Bullish Pennant pattern, which led to an earlier breakout in 2024 before its consolidation phase. Based on this past trend, the TradingView analyst predicts that XRP could experience another two to three weeks of choppy price action before initiating its next big move. The triangle pattern on the XRP price chart suggests a strong rebound towards a bullish price target at $3.43 if the cryptocurrency can hold its Golden Pocket support. Key Buy Levels To Watch While ColdBloodedCharter projects a rally to $3.43 for the XRP price, the TradingView analyst has also outlined key buy-the-dip levels investors can watch out for in preparation for this potential surge. The $2.50 level will be a primary support area for XRP, offering investors a 6-7% discount from current low prices. Related Reading: XRP Long Term Potential Remains Extremely Bullish Possibility Of Price At $20 If XRP plunges further, the analyst expects it to reach the support levels between $2.25 and $2.30. He reveals that this price level is a much safer entry point and accumulation zone for investors, especially if Bitcoin (BTC) remains above $95,000. The analyst has also highlighted a steeper support zone between $1.9 and $2.00. This support presents a significant dip-buy opportunity and is expected to occur if Bitcoin experiences a sharp pullback to new lows around $91,000. While further market declines will serve as a buying opportunity for many investors, they also pose a risk to those who purchased XRP during price highs. The TradingView analyst has revealed that XRP’s Relative Strength Index (RSI) is cooling down, suggesting weakening market momentum. However, he remains optimistic, predicting a strong reversal soon. Featured image from Medium, chart from Tradingview.com
XRP attempt to break past the $2.7 resistance level has been met with strong selling pressure, forcing the price into a fresh decline. Its failure to sustain bullish momentum has shifted market sentiment, with bears seizing control and pushing the altcoin lower. As a result, traders are now eyeing key support levels to gauge the next move. With technical indicators hinting at growing weakness, further losses risks remain high. If bearish pressure continues, XRP could see an extended drop, testing lower support zones. However, a swift recovery above critical levels could reignite bullish hopes and prevent a deeper correction. Bears Take Control: XRP Move Toward Lower Support Levels XRP’s upside run has lost momentum following a strong rejection at the critical $2.7 resistance level, shifting market control back into the hands of the bears. The inability to sustain an upward breakout has triggered increased selling pressure, forcing the price into a downward trajectory. With bearish sentiment strengthening, XRP is now edging closer to key support zones that might determine the next phase of price action. Related Reading: XRP Price Explodes 25%: Will The Recovery Sustain or Fizzle Out? Technical indicators provide additional confirmation of XRP’s bearish outlook, particularly the fact that the price is trading below the 100-day Simple Moving Average (SMA). The 100-day SMA is often viewed as a crucial long-term trend indicator, and when the price is consistently below this level, it suggests that the overall trend is weakening or shifting to a bearish phase. In conjunction with this, the RSI, which had been attempting to recover, has started to decline again after failing to reach the 50% threshold. This suggests that sellers are gaining the upper hand. If the downward trend continues, XRP could face a test of lower support zones, making the next few trading sessions crucial in determining its direction. Key Support Levels To Watch If Selling Pressure Intensifies As selling pressure intensifies, monitoring key support levels that could determine XRP’s next move has become crucial. The first significant level to watch is the $1.9 support zone, which has previously provided a cushion for the price during pullbacks. Related Reading: XRP Price Sees a Bearish Shift: Key Levels to Watch A break below this level would signal an acceleration of the negative trend, leading to a test of the $1.7 mark, another critical support area. Should the price fall below $1.7, XRP may find itself in a deeper correction, potentially heading toward the $1.3 support region. However, a surge in bulls’ strength from any of these key support levels would trigger the beginning of a possible reversal for the altcoin. A bounce from the $2.2 or $2.0 support zones might indicate that buyers are stepping in to defend these critical levels, providing enough strength to push the price back toward key resistance zones. Featured image from Medium, chart from Tradingview.com