Although remained firmly in a growing range increasingly, XRP accelerates price movements. Recently on February 20, technical analysis (TA) indicated the performance of the distinguished symbol, which was conducted by the expert on the series Ali Martinez, that his last gathering will be short -term.
A day later, the analyst himself made x post to explain XRP has now released a purchase signal as a TA tool known as TD Sequetial, used in the watch graph, showed that the correction may have already ended.
The tool that analyzes the historical performance of the original to determine the strength of direction and measurement if the reflection is imminent in mid -February, at least, at least in relation to XRP.
For example, each of the sales marks on February 18 and February 20 were accurate, as one led to a decrease in prices from about $ 2.61 to $ 2.52 and the other from $ 2.71 to $ 2.65.
Although Martinez did not give any insight into the expected ups of the upcoming upward step, XRP support and resistance levels on February 21 indicate that the cryptocurrency is likely to stop near $ 2.74 and almost ensure the completion of the assembly before it reaches $ 2.81.
Looking at the potential resistance levels and the size of the recent moves, XRP is likely to gather about $ 2.72 of the price of the press time of $ 2.65.
Will XRP Bull Cycle return in 2025?
On the other hand, the long -term performance determination appears to be somewhat more challenging in 2025. The symbol increased after Donald Trump was raised greatly, allowing the cryptocurrency to the missiles up to the top of $ 3.30.
A lot of excitement evaporated, by February 21, from the market, as it is evident from the XRP imprisonment in an increasingly narrow range, and the fact that its movements were relatively simple in the last trading.
Nevertheless, many merchants and analysts continue to predict a strong long -term performance. Martinez estimated, for example, that XRP could reach $ 48 in the relatively near future, with a symbol also showed that the symbol comes out of a multi -year multi -year triangle in late 2024 indicating a step of about $ 15.
The performance of the cryptocurrency in February gives some hope that the step will be larger than a handful of sink. The YTD graph is the same that acquires the appearance of a similar triangle.
In general, the range that was seen almost a year ranges between $ 2 and $ 3.30. At the same time, the February range is narrower and ranges between $ 3 and 2.12 dollars, while the last 7 days of narrowing to about $ 2.49 to $ 2.80.
Here can lead to the next next XRP step
However, it should be noted that there is no decisive confirmation of the direction nor a clear indication of the end of the final penetration. In addition, the next step for XRP may be determined by external factors more than technical factors.
The Crossed Currency Market 2025 has proven that it was a major reaction to shocks that appear to be relevant because it collapsed in the wake of its release. Dibsic He faced artificial intelligence (AI) and struggled in the wake of the start of President Donald Trump’s tariff.
Fortunately for XRP traders, modern external and organizational developments were positive as Brazil consent The first XRP (ETF) exchange fund in the world (ETF), and the American Securities and Exchange Committee (SEC) approved modern deposits of a similar product, although it is a relative minor, which has been widely interpreted as an important landmark.
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