XRP Price Prediction for February 17, 2025
XRP is a natural token for Ripple Labs that has shown an impressive 20% or more over the past few days and has reached critical resistance levels. However, looking at XRP’s historical price pattern and ongoing mergers over the four-hour timeframe, it seems Altcoin is preparing for a huge upward momentum in the coming days.
XRP Technical Analysis and Upcoming Levels
According to expert technical analysis, XRP appears to have formed a bullish cup and handle pattern over a four-hour time frame and is on the verge of breaking through as it currently encounters resistance at the neckline of the pattern.
According to historical trends, if XRP violates this resistance level and closes the four-hour candle above $2.82, there is a high probability that it will soar 18% over the next few days.
At press time, XRP appears to be trading on the 200-day exponential moving average (EMA) over the four-hour timeframe. This is a key signal that most investors and traders seek before entering an asset.
Valued at $28.6 million, valued at XRP outflow
Apart from that, traders and investors seem to be taking advantage of bullish price action to accumulate XRP As reported by Chain Analysis Small shop.
Data from spot inflows/outflows suggests that the exchange has witnessed the outflow of $28.6 million worth of XRP tokens over the past 24 hours, which may indicate accumulation.
However, the massive outflow of communications could create buying pressure and drive further upward momentum.
Current price motivation
With its overall bullish outlook, XRP currently trades close to $2.75 and has experienced a 0.50% price increase of 0.50% over the past 24 hours. However, during the same period, its trading volume fell by 33%, indicating lower engagement and caution compared to the previous day.
