XRP Price Analysis: Bulls Eye $3.40 as Momentum Builds

XRP’s one-hour chart reveals a distinct upward trend, with XRP recently reaching $2.836 before stabilizing near that level. Buying pressure continues to be significant as the price carves out higher lows, finding immediate support around $2.65 and $2.55. Resistance at $2.85 remains a pivotal level, as an advance past this mark could steer XRP toward $3.00. Volume spikes during price increases indicate that buyers are in command, while any dip below $2.65 might hint at a short-term pullback.

XRP/USDT via Binance on Feb. 15, 2025 – 1 hour chart.

On the four-hour XRP chart, the bullish configuration persists as the digital asset steadily recovers from earlier declines and sets higher highs. The price recently encountered resistance at $2.85 but maintains support near $2.55 and $2.35, bolstering buying enthusiasm. The volume profile favors the uptrend, with notable accumulation during recent pullbacks. If XRP clears $2.85 with sustained volume, the next potential target is $3.00, while failure to maintain support at $2.55 could prompt a retest of lower levels.

XRP/USDT via Binance on Feb. 15, 2025 – 4 hour chart.

XRP’s daily chart illustrates a broader bullish trend despite previous volatility, as XRP bounced from a low of $1.77 and continues its upward trajectory. With solid support at $2.40 and key resistance levels at $3.00 and $3.40, the market appears set for further gains. Increased volume on upward moves signals ongoing interest from both institutional and retail investors. However, a failure to break through $3.00 might result in a period of consolidation or a minor retracement before another upward effort.

XRP/USDT via Binance on Feb. 15, 2025 – daily chart.

Oscillator readings offer a generally neutral perspective, with the relative strength index (RSI) at 55.53, the stochastic %K at 72.36, the commodity channel index (CCI) at 34.01, the average directional index (ADX) at 32.99, and the awesome oscillator slightly negative at -0.24. The momentum indicator, however, points to a buy signal at 0.39, which aligns with the moving average convergence divergence (MACD) level at -0.05, also suggesting a buying opportunity.

Moving averages continue to affirm the bullish sentiment, with the exponential moving averages (EMA) and simple moving averages (SMA) across 10, 20, 30, 50, 100, and 200 periods predominantly signaling buy. The only exception is the 30-period simple moving average at 2.82170, which indicates a sell. As long as XRP remains above the shorter-term moving averages, the probability of a continued uptrend stays high, with the 200-period EMA and SMA at 1.70501 and 1.39555, respectively, providing long-term support.

Bull Verdict:

XRP’s price action, volume trends, and moving averages all indicate a strong bullish continuation, with key resistance at $2.85 standing as the final hurdle before a potential rally toward $3.00 and beyond. If buying momentum persists and breaks through this resistance, XRP could target $3.40 in the coming sessions, making it an attractive setup for bullish traders.

Bear Verdict:

Despite XRP’s recent gains, failure to break above $2.85 could result in a short-term pullback toward key support levels at $2.55 and $2.40. Oscillators remain largely neutral, suggesting possible consolidation or weakening momentum. A break below $2.40 would invalidate the bullish structure and increase the likelihood of further downside, potentially retesting the $2.00 range.

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