XRP Price Pulls Back From Highs—Are Bulls Still in Control?

Aayush Jindal

Last Updated: February 18, 2025 4:08 am

2 mins read

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XRP price is consolidating gains above the $2.60 zone. The price must clear the $2.720 resistance to start a fresh increase in the near term.

XRP price started a decent upward move above the $2.60 zone.
The price is now trading below $2.70 and the 100-hourly Simple Moving Average.
There was a break below a key bullish trend line with support at $2.6880 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair might start a fresh increase if it clears the $2.720 resistance zone.

XRP Price Trim Gains

XRP price managed to stay above the $2.50 support and remained in a positive zone, unlike Bitcoin and Ethereum. A base was formed, and the price started a decent upward move above the $2.60 and $2.70 levels.

The price even climbed above the $2.80 level before the bears appeared. A high was formed at $2.8322 and the price is now correcting gains. There was a minor move below $2.72. The price dipped below the 23.6% Fib retracement level of the upward wave from the $2.330 swing low to the $2.830 swing high.

There was also a break below a key bullish trend line with support at $2.6880 on the hourly chart of the XRP/USD pair. The price is now trading below $2.70 and the 100-hourly Simple Moving Average.

On the upside, the price might face resistance near the $2.700 level. The first major resistance is near the $2.720 level. The next resistance is $2.80. A clear move above the $2.80 resistance might send the price toward the $2.840 resistance.

XRP Price — Source: XRPUSD on TradingView.com

Any more gains might send the price toward the $2.920 resistance or even $3.00 in the near term. The next major hurdle for the bulls might be $3.050.

More Losses?

If XRP fails to clear the $2.720 resistance zone, it could start another decline. Initial support on the downside is near the $2.60 level or the 50% Fib retracement level of the upward wave from the $2.330 swing low to the $2.830 swing high. The next major support is near the $2.5820 level.

If there is a downside break and a close below the $2.5820 level, the price might continue to decline toward the $2.550 support. The next major support sits near the $2.50 zone.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.

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

Major Support Levels – $2.60 and $2.5820.

Major Resistance Levels – $2.720 and $2.800.

Aayush Jindal

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
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