- Symmetrical price pattern holds bullish structure; breaking $2.60 resistance may trigger surge toward all-time highs.
- February’s $1.79 to $2.70 rebound mirrors past cycles, signaling active buyers despite recent price dips.
XRP, recently slipped to fourth place among cryptocurrencies by market value after a price decline pushed it below Tether. Weekly losses of 17% and a 28% drop over the past month contributed to this shift.
ETHNews analysts, however, suggest the asset’s technical setup leaves room for recovery if specific price floors hold.
Market observer Crypto Michael noted in a February 26 analysis that XRP’s broader upward trajectory remains valid despite recent selling pressure. He identified a symmetrical triangle pattern on price charts—a formation where asset values oscillate between converging trendlines. XRP has held above a defined support line within this structure, even as prices retreated.
There is still hope for new highs if it holds this purple support line
A break of $2.6 is needed to activate a move up to new ATH
Expecting more chop this week before a decisive move in March pic.twitter.com/TsLJhXOL4T
— Crypto Michael (@MichaelXBT) February 26, 2025
Crypto Michael anticipates limited movement in the near term but expects a clearer directional shift in March. A decisive close above the triangle’s upper boundary at $2.60, he argues, could propel the token beyond its 2018 peak of $3.84.
Independent analyst Javon Marks pointed to historical patterns to underscore current conditions. He highlighted a February 3 trading session where XRP rebounded from $1.79 to $2.70 amid elevated trading activity—a move resembling behavior seen during its 2017-2018 cycle. Marks suggested this reflects underlying buying interest despite recent bearish momentum.
His earlier projection of a long-term target near $99 remains speculative, but the token’s bounce from $2.22 to current levels near $2.30 aligns with his view of accumulating demand.
This Candlestick and Volume combo on $XRP should tell it 'all'.
Sellers (Bears) were rejected at a level not seen since perhaps 2017-2018.
The bulls showed a dominant presence so despite the recent price action, they can be coming to dominate! pic.twitter.com/WiPAh7zeGO
— JAVON⚡️MARKS (@JavonTM1) February 26, 2025
At publication, XRP traded at $2.22, recovering modestly from recent lows. Challenges persist, including regulatory questions and competition from stablecoins, but the asset’s ability to defend key chart levels has kept some traders attentive.
ETHNews analysts emphasize that holding above the triangle’s support line is essential to avoid deeper declines, while a break above $2.60 could confirm renewed upward momentum.
Traders now watch for March price action, with technical indicators and order book data likely to influence short-term sentiment. The token’s capacity to maintain current supports—or breach resistance—will determine whether it stabilizes or resumes its downward trend.
XRP is currently trading at $2.19 USD, showing a slight decrease of 0.33% (-$0.00721) in the last 24 hours. Over the past week, XRP has experienced a 20.13% decline, and in the last month, it has dropped by 28.24%.
Despite the recent correction, XRP has shown a remarkable 286.44% increase in the last six months, highlighting its strong performance in 2024. Additionally, XRP has gained 5.30% year-to-date, and 273.33% over the past year, showing its potential for substantial growth in the longer term.
However, the recent downturn in XRP’s price can be attributed to a 35% drop since mid-January. Some analysts believe XRP is currently completing an ABC correction, with the Relative Strength Index (RSI) nearing oversold levels, indicating that the current dip might present a buying opportunity for traders.
