XRP Price Nears Key Levels: Traders Watch for Breakout or Drop

XRP is trading within a tight range, facing crucial resistance and support levels. Market participants remain cautious amid sideways momentum and technical uncertainties.

By Tylt Editorial Team

Feb 23, 2025

Feb 23, 2025

XRP Price Nears Key Levels: Traders Watch for Breakout or Drop
XRP Price Nears Key Levels: Traders Watch for Breakout or Drop
XRP Price Nears Key Levels: Traders Watch for Breakout or Drop

XRP hovers at $2.58 with a market cap of $149 billion.

Key support at $2.50 and resistance at $2.65–$2.70.

Breakout above $2.65 could trigger bullish momentum, while a dip below $2.50 may lead to further losses.

XRP is experiencing a phase of consolidation, currently trading at $2.58 after fluctuating between $2.52 and $2.69 in the past 24 hours. Its $149 billion market capitalization and $4.66 billion daily trading volume highlight sustained interest despite a 24.1% decline from its all-time high.

On the hourly chart, XRP is moving within a narrow $2.55–$2.60 band, indicating stabilization. Immediate support at $2.50 provides a safety net for buyers, while resistance near $2.65 remains a hurdle for further upside. Market data shows persistent selling pressure, though reduced price fluctuations suggest a potential buildup of investor interest. A breakout above $2.60 may push prices toward $2.65–$2.70, while a drop below $2.55 could lead to a retest of $2.50.

A broader view on the four-hour timeframe reveals a trading range between $2.50 and $2.83. XRP recently retreated from $2.83, establishing crucial support at $2.50–$2.55, with resistance standing firm at $2.75–$2.85. Order flow indicates steady distribution, though buyers are emerging near local lows. A move past $2.65 could propel XRP toward $2.75–$2.80, while a failure to hold $2.50 may expose downside risks toward the $2.40–$2.30 zone.

From a daily perspective, XRP remains in a corrective trend after falling from its $3.40 peak. Key support is found between $1.78 and $2.00, with resistance near $2.80 and $3.00. The recent pullback from $2.83 suggests the asset is testing lower support before a possible recovery. Maintaining $2.50 as a base could reignite bullish momentum toward $2.80, while a failure here may drive XRP toward deeper retracement zones.

Momentum indicators present mixed signals. The Relative Strength Index (RSI) at 47.02, Stochastic Oscillator at 58.42, and Commodity Channel Index (CCI) at 21.42 indicate neutrality. The Average Directional Index (ADX) at 29.68 confirms trend indecision. While the Awesome Oscillator (-0.12807) and bearish momentum readings suggest short-term weakness, the Moving Average Convergence Divergence (MACD) (-0.02339) hints at potential bullish revival.

Moving averages provide a cautious outlook. Short-term exponential and simple moving averages favor sellers, yet the SMA (20) at $2.55 signals some optimism. Longer-term averages, including the EMA (100) at $2.28 and SMA (100) at $2.37, suggest strong underlying support, indicating that XRP’s long-term prospects remain intact if it holds above critical support levels.

Bullish Outlook: XRP’s ability to hold above $2.50 and support from long-term moving averages may fuel a recovery. If buyers regain momentum, a breakout above $2.65 could pave the way for a rally toward $2.80–$3.00. Neutral oscillators and the MACD’s subtle bullish signal add to the possibility of an upward trend continuation.

Bearish Outlook: Despite support at $2.50, short-term moving averages and momentum indicators suggest downside risks. A breakdown below $2.50 could lead to declines toward $2.40–$2.30, with weak volume failing to confirm a reversal. If sellers sustain control, XRP may retreat further toward the $2.00 level.

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