Despite remaining firmly in an increasingly narrow range, XRP has been accelerating its price movements. As recently as February 20, a technical analysis (TA) of the token’s performance, conducted by the on-chain expert Ali Martinez, indicated its latest rally would be short-lived.
No more than a day later, the same analyst made an X post explaining that XRP has now issued a buy signal as a TA tool known as TD Sequential, used on the hourly chart, demonstrated the correction might already be over.
The tool which analyzes an asset’s historical performance to determine the strength of a trend and gauge if a reversal is imminent had provided in mid-February mostly accurate signals, at least with regard to XRP.
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For example, both the February 18 and February 20 sell signs it issued have been accurate, with one leading to a price drop from approximately $2.61 to $2.52 and the other from $2.71 to $2.65.
Though Martinez offered no insights into how large the expected upward move might be, XRP’s support and resistance levels on February 21 indicate the cryptocurrency will likely halt near $2.74 and is almost guaranteed to end the rally before hitting $2.81.
Given the likely resistance levels and the magnitude of the recent moves, XRP is most likely to rally toward $2.72 from its press time price of $2.65.
Will XRP bull cycle reignite in 2025?
Determining XRP’s likely long-term performance, on the other hand, appears somewhat more challenging in 2025. The token’s surge following Donald Trump’s re-election generated significant excitement, enabling the cryptocurrency to rocket to highs above $3.30.
Much of the excitement has, by February 21, evaporated from the market, as evidenced by XRP’s confinement to an increasingly narrow range and by the fact its moves have been relatively minor in recent trading.
Despite this, multiple traders and analysts continue forecasting strong long-term performance. Martinez, for example, estimated that XRP could go as high as $48 in the relatively near future while also opining that the token’s breaking out of a multi-year symmetrical triangle in late 2024 indicates a move toward $15.
The cryptocurrency’s February performance does give some hope that a move greater than a handful of cents is incoming. The year-to-date (YTD) chart is itself gaining the appearance of a symmetrical triangle.
Overall, the range seen since New Year’s Day is roughly between $2 and $3.30. Simultaneously, the February range is narrower and between $3 and $2.12, while the last 7 days saw a continued narrowing to about $2.49 to $2.80.
Here’s what could trigger XRP’s next big move
Still, it is noteworthy that there is no decisive confirmation of the trend nor a clear indication of the direction of the eventual breakout. Additionally, XRP’s next move might be determined more by external factors than by technicals.
The 2025 cryptocurrency market has proven highly reactive to seemingly unrelated shocks as it collapsed in the wake of the release of DeepSeek artificial intelligence (AI) and struggled in the aftermath of the rollout of President Donald Trump’s tariffs.
Fortunately for XRP traders, recent external and regulatory developments have been positive as Brazil approved the world’s first spot XRP exchange-traded fund (ETF), and the U.S. Securities and Exchange Commission (SEC) acknowledged the recent filings for a similar product, which, despite being relatively minor, has been widely interpreted as an important milestone.
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