XRP continues to consolidate within a tight trading range, as investors assess the impact of recent market events, including the Bybit hack. Despite a broader market downturn, XRP has maintained its footing above $2.50, fueling optimism about a potential rally.
According to crypto analysis platform More Crypto Online, XRP remains neutral, showing no definitive trend. This has raised questions about the coin’s ability to reach the ambitious $250 price target predicted by some analysts.
XRP Trading in a Tight Range—Key Levels to Watch
A recent update from More Crypto Online highlights that XRP is holding above its invalidation point at $2.47. As of writing, XRP is trading at $2.592, down 0.63% in the past 24 hours. The coin has fluctuated between a low of $2.512 and a high of $2.597, failing to break above resistance at $2.80.
$XRP: The price remains range-bound, holding above the invalidation point of the orange scenario at $2.47. This means the bullish structure remains technically intact, but the market has yet to provide clear confirmation for either direction.
— More Crypto Online (@Morecryptoonl) February 22, 2025
At the same time, there has been no… pic.twitter.com/MWh1rCisBt
Technical analysis suggests two critical levels that traders should monitor:
- $2.47 – If breached, this could signal a bearish breakdown.
- $2.75 – A breakout above this level could ignite a rally.
For now, XRP’s bullish structure remains intact, but it needs a significant push to break resistance and confirm a bullish trend.
Is the $250 XRP Price Target Realistic?
Market analyst XRP Captain has previously predicted that XRP could surge to $250 between now and 2026, citing significant whale accumulation as a bullish catalyst. However, achieving this target remains highly ambitious.
One major factor limiting XRP’s explosive growth is its large circulating supply. Even with strong demand, the sheer volume of available XRP could act as a price ceiling.
That said, the broader crypto market outlook remains favorable, especially with growing pro-crypto sentiment in the U.S. government.
Ripple Lawsuit and ETF Speculation—Key Drivers for XRP
One of the biggest catalysts for XRP’s price movement is the ongoing lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). Recently, Coinbase and the SEC agreed to dismiss their lawsuit, raising speculation that Ripple’s case could follow a similar path. A positive resolution could significantly boost XRP’s price.
Also Read: XRP Lawsuit: Settlement Likely by May 2025, Says Legal Expert
Additionally, discussions surrounding a potential XRP exchange-traded fund (ETF) add to the bullish sentiment. Despite the Bybit hack’s short-term impact on market confidence, long-term investors remain hopeful for a major breakout.
With XRP consolidating near crucial price levels, the next few weeks will be pivotal in determining whether the asset can sustain its bullish momentum or face further downside.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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