- XRP faces key resistance at $2.78; a breakout could retest $3, but a death cross risk may lead to bearish momentum.
- Hashdex’s XRP ETF approval in Brazil fuels investor interest, while SEC filings add speculation to market sentiment.
- MACD hints at a weak bullish crossover, but low trading volume suggests consolidation rather than strong upward momentum.
XRP’s price movement remains a key focus, driven by market activity, ETF developments, and ongoing legal battles. Monitoring XRP price movements as the asset is testing key resistance levels.
XRP Resistance and Market Developments
As of February 21, 2025, XRP was trading at $2.66, having fluctuations between $2.50 and $3. Notably, the SEC has acknowledged multiple XRP ETF filings, leading to increased investor interest.
Meanwhile, Hashdex has secured regulatory approval to launch a spot XRP ETF in Brazil, potentially influencing market sentiment. Over the past seven days, XRP has gained 4.14%, reaching a high of $2.6931.
However, resistance at $3 is a challenge, with price retracements indicating consolidation. Key support is near $2.50, preventing further declines. If bullish momentum strengthens, a breakout above $3 could lead to further gains.
Technical Indicators
On the daily timeframe, XRP was at $2.66. The asset has had a strong uptrend since late 2024, followed by consolidation in early 2025. The RSI is at 50.43, indicating neutral market conditions.
The RSI moving average is at 46.82, suggesting slight upward momentum. The MACD shows the MACD line at 0.0212, slightly above the signal line at -0.0135. This suggests a potential bullish crossover, though momentum remains weak.
If buying pressure increases, the MACD may strengthen, supporting a possible breakout. However, reduced trading volume at 39.38 million XRP indicates a slowdown in market activity, suggesting consolidation rather than strong bullish continuation.
Moving Averages
On the 50 day and 200 day moving averages, a golden cross formed in November 2024 when the 50 day MA crossed above the 200 day MA, reinforcing a strong bullish trend.
However, in February 2025, the 50 day MA is declining, nearing a possible death cross scenario if it falls below the 200 day MA. XRP has a resistance at $2.78. If price action surpasses this level, a retest of $3 could occur.
However, if the 50 day MA crosses below the 200 day MA, bearish pressure may increase, potentially pushing the asset toward $2.50 or lower. The coming sessions will determine whether XRP maintains its bullish momentum or enters a deeper correction phase.
