- XRP is testing resistance at $2.75-$2.80, with analysts targeting $3.40 and $5.85 if momentum holds above key Fibonacci levels.
- A bullish MACD crossover aligns with past rallies, hinting at a potential push to $3.50-$4. Weak momentum could lead to a $2.50 pullback.
- Whale activity and ETF speculation add to XRP’s bullish outlook, with a 60M XRP transaction and an 81% chance of ETF approval.
XRP is testing resistance levels, with analysts pointing to potential upward momentum. XRP hit $2.777 on February 14. According to Dark Defender, the next target is $2.90 plus, followed by Fibonacci levels at $5.85.
Short term support levels are at $2.44 and $2.33. XRP is trading within a descending resistance trendline, attempting to break out near $2.7435. Price movements have historically aligned with RSI peaks, indicating resistance challenges.
However, a falling wedge pattern suggests a reversal is underway, supported by interaction with the Ichimoku Cloud. A decisive breakout above $2.75-$2.80 could lead to a fast upward move.
Market Momentum and RSI Indications
Indicators show the potential for a strong breakout. The RSI has formed a bullish cross, indicating growing strength.
If the RSI stays above 50, it could support further gains toward $3.40 and possibly higher. Key resistance is at $3.39, while major support is at $1.43 and $1.88. Analysts suggest breaking $2.75-$2.80 could lead to a rally toward $3.40, with long term predictions at $5.85.
However, failure at resistance may result in a pullback to $1.88 before another attempt at upward movement. Volume confirmation is essential to solidify bullish momentum.
MACD Bullish Crossover Fuels Uptrend Hopes
Steph is Crypto, confirmed a bullish crossover on the daily MACD. Historical patterns show that the last bullish MACD crossover in November 2024 led to a 442.29% rally. After a brief correction, a second crossover in February 2025 coincided with a 43.76% increase.
If MACD momentum holds, XRP could push toward $3.50-$4. However, weakening momentum could lead to a correction near $2.50 before another potential breakout. Whale activity is also influencing XRP’s movement.
Whale Alert reported a 60 million XRP transaction worth $163.6 million, adding speculation about institutional interest. The SEC recently acknowledged Grayscale’s 19b-4 filing for an XRP ETF, a step toward potential approval. Polymarket estimates an 81% chance of regulatory approval, supporting the bullish sentiment in the market.
