XRP continued to trade sideways between $ 2.85 and $ 2.30, despite the fact that US Securities and Exchange Commission (Sec) acknowledged numerous XRP ETF submissions. The price of XRP rebounded more than $ 2.60, emphasizing that some analysts are important to break the $ 2.75- $ 2.80 region.
XRP/USD Maeil Daily Chart. Source: COINTELEGRAPH/TradingView
XRP price rising triangle aims for $ 3.20.
EGRAG CRYPTO, an XRP market analyst, emphasized that the XRP (XRP) is being traded in the triangle for 12 hours, as shown in the chart below.
According to the analyst, the price is “to close the peak of the $ 2.75 general chart pattern to continue the upward trajectory.”
“If you close this level, you will provide an optimistic confirmation that the measured goal can continue the upward trajectory of $ 3.20.”
This move will increase the gross profit to 20%at the current level.
XRP/USD Maeil Daily Chart. source: egrag crypto
Nevertheless, the analyst warned that at the end of the month, investors should know the “potential bull ship.”
EGRAG Crypto added:
“Wave 3 is still ahead … So you may not be optimistic yet!”
Similar emotions were shared by a clear analyst DOM, and the XRP price should support $ 2.80 before running at $ 3.00.
$ XRP Update
We are going to hold a monthly RVWAP for the first time in almost three weeks.
The ~ $ 2.80 still remains at the level that overturns that important level and tests $ 3. pic.twitter.com/6pdhhvzjcz
-Dom (@TraderView2) February 20, 2025
Casitrades, a fellow analyst, added that XRP’s “core resistance is $ 2.82,” and another major barrier is $ 3.00 in X’s February 20 post.
“But more than $ 3 clean brake out will be informed that the modification is complete and a much larger movement is on the table.”
relevant: Brazil approves XRP ETF’s first spot XRP ETF with local banks in XRPL.
XRP liquidity remains more than $ 2.85
The XRP has been integrated sideways since February 3, and the overall trend tends to be optimistic. However, the XRP/USD remains in the rim as the price is over $ 2.85 or less than $ 2.30.
XRP/USD 4 hours chart. Source: COINTELEGRAPH/TradingView
Currently, liquidity remains in both XRP’s demand and supply area, which means that this level of rest can indicate the ultimate direction of XRP.
The best scenario of XRP is that the best scenario of XRP is to violate this level and increase to $ 3.20 before the price of the XRP has been tested twice in the last three weeks.
With the approval of SEC for more XRP ETF applications, the hope that Altcoin moves higher in 2025.
Anonymous encryption commentator Polly recently said that this recognition predicts “God’s candle” as $ 6.00 by deploying XRP prices for the new all -time high.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.