XRP technical momentum has been very strong as it forms a cup and handle pattern on its four hour chart which is a bullish signal for a potential surge. A persistent rise past $3.00 may follow when trading activity falls at exchanges.
According to TradingView data as of February 17 XRP has jumped 3.5% to $2.63 during its daily trading. During one week the cryptocurrency gained 10% from its early February low when it dipped to $1.76 which resulted in a 44% overall drop.
Market Shift Signals Bullish Outlook for XRP
The market direction seems to be switching upward according to the latest on-chain analytics. The current positive market movement comes from changing exchange patterns which show buyers now leaving more XRP assets than they deposit. When traders take their XRP from exchanges to their wallets it decreases selling pressure and raises the chances of the price rising.
XRP’s exchange withdrawals show an important new development. According to CryptoQuant records net inflows of XRP into crypto spots reduced on February 16 following three days of positive movement. Over the past it has been typical that negative exchange flows lead to price increases as shown by XRP’s 500% price hike in November 2024.
Since November 15 XRP traders have reduced the tokens available on trading platforms steadily. The price rise of 330% verifies that long-term investors are buying more as opposed to selling.
After February 1 XRP price has shown a cup-and-handle design that analysts now use to forecast the next movement. After an initial descent the price recovers uniformly but then falls briefly before forming a declining trend area (handle).
Key Resistance Levels to Watch: $2.75, $2.84, and Beyond
The price typically moves sharply upward when it surpasses the top of the handle shape. This rise may equal the height of the preceding price decline. XRP stays within the handle structure and faces resistance at $2.75. XRP will gain momentum when trading four hours above the support line but needs to cross $2.84 to keep advancing.
When XRP surpasses $2.84 it might continue rising to $3.40 according to technical studies representing 25% more value than its present rate. Both strong buying pressure and an optimistic technical picture demonstrate that the cryptocurrency holds good potential for additional price growth.
The present market situation shows XRP holding promising potential to keep advancing during the next weeks. Investors will study if XRP can keep moving up and clearly surpass these important barriers before they consider a lasting price increase.
According to various analysts, if XRP wants to rise higher than $2.77 resistance, it will need to clear the barrier first. Market expert Dark Defender was notably a big call out that this critical threshold had to be passed for the follow-on price gains.
Hello all. #XRP is trying to claim the $2.7740 level. If successful, then $3 will be in play.
Breaking this channel heralds 2 Digits levels first!
Enjoy your Sunday!#XRPCommunity #XRPArmy, #Ripple pic.twitter.com/n3r7F5Nfst
— Dark Defender (@DefendDark) February 16, 2025
“XRP is trying to claim the $2.7740 level. If successful, then $3 will be in play. Breaking this channel heralds 2 Digits levels first!”
Kwantxbt, an analyst, noted that momentum indicators on the daily timeframe have formed a bullish divergence, which indicates a possibility of a price increase for XRP and looks to reach $2.85 to $3.15.
XRP showing bullish divergence on RSI and MACD. Set stop at 2.50 with targets at 2.85 and 3.15. Current price at 2.65 gives decent R:R. Confidence level 7/10 on this setup. pic.twitter.com/2WCgGVlSoi
— kwantxbt (@kwantxbt) February 17, 2025
“XRP showing bullish divergence on RSI and MACD. Set stop at 2.50 with targets at 2.85 and 3.15. Current price at 2.65 gives decent R:R. Confidence level 7/10 on this setup.”
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