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XRP Price Jumps 10% as Golden Cross Hints at More Gains

Published

1 month ago

February 15, 2025

Coin2049 Newsletter

XRP price has surged 10% in the last 24 hours, with its trading volume skyrocketing nearly 50% to $8 billion. This strong momentum has pushed XRP’s Relative Strength Index (RSI) back into overbought territory for the first time in almost a month. That surge happened after the SEC accepted its ETF filling, although this doesn’t mean it was approved yet.

Meanwhile, whale activity remains stagnant, with the number of large holders showing only slight movement after a recent surge and decline. As XRP hovers near key resistance levels, traders are watching closely to see whether this rally has the strength to continue or if a correction is on the horizon.

XRP RSI Is Back to Overbought After Almost a Month

XRP’s Relative Strength Index (RSI) has surged to 72.2, climbing from 50 just a day ago.

This sharp increase highlights strong bullish momentum in XRP price action. For the first time in nearly a month, traders have pushed the asset into overbought territory.

Such a rapid rise in RSI suggests intensified XRP buying pressure, signaling that demand has significantly outpaced supply in the short term.

The RSI is a momentum indicator that measures the speed and magnitude of price movements on a scale from 0 to 100.

Typically, an RSI above 70 suggests an asset is overbought and may be due for a pullback, while an RSI below 30 indicates oversold conditions, potentially leading to a rebound.

With XRP now in overbought territory, the likelihood of a short-term correction increases as traders might start securing profits. However, if buying pressure persists and RSI remains elevated, it could indicate the start of a stronger bullish trend, pushing XRP to higher resistance levels.

XRP Whale Activity Is Stagnant

The number of XRP whales – wallets holding between 1 million and 10 million XRP – jumped from 2,081 to 2,136 between February 1 and February 2, signaling strong accumulation.

However, this surge was short-lived, as the count began to decline, reaching 2,118 by February 9. Such movements suggest that while some large holders were accumulating, others may have started taking profits or redistributing their holdings.

Addresses holding between 1 million and 10 million XRP. Source: Santiment.

Tracking whale activity is important because these large holders can significantly impact price action. After the recent decline, the number of whales has started rising again, but at a slow pace, currently at 2,127.

This suggests some renewed accumulation, but the near-stable trend in recent days indicates hesitation. Without stronger buying activity, XRP may remain in consolidation rather than gaining upward momentum.

XRP Price Prediction: Will XRP Recover $3 Levels In February?

XRP price has surged over 10% in the last 24 hours, showing strong bullish momentum. Its EMA lines suggest that golden crosses could form soon, which often signal further upside.

If the uptrend continues, XRP could test a key resistance at $2.96, and if broken, it may push toward $3.15. A strong breakout could even drive XRP to $3.36, representing a potential 24.5% gain. That could be driven by the approval of XRP ETF by the SEC, which could happen soon.

XRP Price Analysis. Source: TradingView.

However, if the uptrend loses momentum, XRP price could face a pullback, testing support at $2.54.

A break below this level might lead to further downside toward $2.26, and if selling pressure intensifies, XRP could drop as low as $1.77.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

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Related Topics:Cross Gains Golden Hints Jumps Price XRP

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Solana (SOL) Gains Capped—Breaking $150 Won’t Be Easy

Published

34 minutes ago

March 25, 2025

Coin2049 Newsletter

Solana started a recovery wave above the $132 resistance zone. SOL price is now consolidating and might struggle to recover above the $150 resistance.

SOL price started a recovery wave from the $125 support zone against the US Dollar.
The price is now trading above $130 and the 100-hourly simple moving average.
There is a connecting bullish trend line forming with support at $134 on the hourly chart of the SOL/USD pair (data source from Kraken).
The pair could start a fresh increase if the bulls clear the $142 zone.

Solana Price Faces Resistance

Solana price started a recovery wave from the $125 zone, like Bitcoin and Ethereum. SOL was able to climb above the $132 and $140 resistance levels.

The price even cleared the $142 level, but it faced resistance near $145. A high was formed at $145 and the price started a downside correction. There was a move below the $142 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $125 swing low to the $145 high.

Solana is now trading above $130 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $134 on the hourly chart of the SOL/USD pair.

On the upside, the price is facing resistance near the $140 level. The next major resistance is near the $142 level. The main resistance could be $145. A successful close above the $145 resistance zone could set the pace for another steady increase. The next key resistance is $150. Any more gains might send the price toward the $162 level.

Another Decline in SOL?

If SOL fails to rise above the $142 resistance, it could start another decline. Initial support on the downside is near the $135 zone and the 50% Fib retracement level of the upward move from the $125 swing low to the $145 high. The first major support is near the $133 level.

A break below the $133 level might send the price toward the $125 zone. If there is a close below the $125 support, the price could decline toward the $114 support in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level.

Major Support Levels – $135 and $133.

Major Resistance Levels – $142 and $145.

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Market

Bitcoin Price Breaks Out with First Spot ETF Inflows in A Month

Published

2 hours ago

March 25, 2025

Coin2049 Newsletter

Bitcoin (BTC) is showing signs of a potential breakout, with recent price action indicating positive momentum.

As broader market conditions cool down, BTC has remained steady, with consistent investor behavior fueling hopes of further gains. The altcoin is poised for possible growth as it continues to attract investors’ attention.

Bitcoin Has The Support Of Key Holders

The Long/Short Term Holder Supply Ratio has shown notable growth since the end of February, signaling a positive shift in investor behavior. Long-Term Holders (LTHs) are in steady accumulation, with the 30-day accumulation rate now nearing 6%. The rate of this change has also increased, averaging 7% daily since late February.

This sustained accumulation suggests that LTHs have a strong belief in Bitcoin’s future potential, which could help BTC maintain its recent growth. LTHs are often seen as a stabilizing force in the market, and their consistent accumulation could act as a foundation for the ongoing uptrend in Bitcoin’s price.

Bitcoin Long/Short-Term Holder Supply Ratio. Source: Glassnode

Bitcoin has also seen a positive shift in macro momentum, particularly with the recent inflows into Bitcoin Spot ETFs. Last week marked the first ETF inflows in a month, breaking a four-week streak of outflows. This change signals returning confidence among investors, particularly macrofinancial investors. The renewed interest in BTC ETFs reflects the growing demand for Bitcoin exposure in institutional portfolios.

The inflows indicate that larger investors are once again viewing Bitcoin as a valuable asset. This could be a strong signal that demand for Bitcoin is recovering, which may help propel the price further. The involvement of institutional investors could drive significant price appreciation in the coming weeks.

Bitcoin US Spot ETF Net Flows. Source: Glassnode

BTC Price Rise Is Consistent

Bitcoin is currently trading at $86,630, breaking out of a descending wedge pattern. The price is attempting to secure $86,822 as support, which will be crucial for BTC’s next move. If the support holds, Bitcoin may continue its upward trajectory towards the $89,800 resistance level.

The confirmation of the breakout will come when Bitcoin successfully flips the $89,800 resistance into support. A sustained move above this level could push the price further toward $93,625 and potentially $95,000.

Bitcoin Price Analysis. Source: TradingView

However, if Bitcoin fails to breach $89,800, it could struggle to maintain its current momentum. A consolidation below this level or a drop to $85,000 would delay the recovery, shifting the market sentiment toward caution. This would halt the progress and potentially lead to a longer consolidation phase.

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Ethereum Price Back Above $2,000—Breakout or Just a Temporary Bounce?

Published

3 hours ago

March 25, 2025

Coin2049 Newsletter

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Ethereum price started a recovery wave above the $2,000 zone. ETH is now consolidating and facing hurdles near the $2,100 resistance.

Ethereum started a recovery wave above the $2,000 level.
The price is trading above $2,020 and the 100-hourly Simple Moving Average.
There is a connecting bullish trend line forming with support at $2,000 on the hourly chart of ETH/USD (data feed via Kraken).
The pair must clear the $2,080 and $2,100 resistance levels to start a decent increase.

Ethereum Price Recovers Further

Ethereum price formed a base above the $1,850 level and started a recovery wave, like Bitcoin. ETH was able to clear the $1,920 and $1,950 resistance levels.

The bulls pushed the price above the $2,000 level. Finally, the price tested the $2,100 zone. A high was formed at $2,104 and the price started a downside correction. There was a move below the $2,080 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $1,980 swing low to the $2,104 high.

Ethereum price is now trading above $2,020 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2,000 on the hourly chart of ETH/USD.

On the upside, the price seems to be facing hurdles near the $2,080 level. The next key resistance is near the $2,100 level. The first major resistance is near the $2,120 level. A clear move above the $2,120 resistance might send the price toward the $2,200 resistance.

An upside break above the $2,200 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,250 resistance zone or even $2,320 in the near term.

Are Dips Supported In ETH?

If Ethereum fails to clear the $2,100 resistance, it could start another decline. Initial support on the downside is near the $2,040 level. The first major support sits near the $2,025 zone and the 61.8% Fib retracement level of the upward move from the $1,980 swing low to the $2,104 high.

A clear move below the $2,025 support might push the price toward the $2,000 support. Any more losses might send the price toward the $1,950 support level in the near term. The next key support sits at $1,880.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 zone.

Major Support Level – $2,000

Major Resistance Level – $2,100

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