XRP Price Prediction February 24, 2025

Bittime - Currently, XRP is the fourth largest crypto asset in the world after Bitcoin, Ethereum, and Tether, with a market capitalization that has reached $149 billion.

Some things can influence XRP price. What are they and what are the short-term prospects for this asset? Read the following article to find out the XRP price prediction for February 24, 2025!

XRP Price Performance Today

Source: Bittime.com

On February 22, 2025, the price of XRP today is trading in a range $2.5716, recorded a slight decline 0.52% compared to the previous day. The market is showing volatility with daily lows at $2.5417 and highest in $2.6090. 

The total market capitalization of XRP stands at approx $149 billion, indicating strong investor interest despite recent price fluctuations.

Read Also: XRP Price Prediction to Increase in 2025, Here's the Reason! 

XRP Price Movement History

The following is the history of XRP price movements from the beginning of 2024 to February 23, 2025.

Early 2024: 

XRP started the year at approx $0,524. Throughout the first half of the year, prices were relatively stagnant, which shows low market activity and consolidation phase.

End 2024: 

On November, after the results of the US presidential election were announced, the price of XRP shot up to range $2.00-$2.60, recorded an increase of approx 500% from the beginning of the year.

On December, XRP closed the year at a price of approx $2.08, shows annual increase of 250%.

January 2025:

On January 2025, the price of XRP remains in a high range, fluctuating between $2.88-$3.41. On January 16th, XRP hit ATH of $3.41, driven by strong bullish momentum and managed to break a key resistance level.

On January 31, 2025, XRP is listed on $3.04, which shows strong market activity as investors react to the latest developments in the crypto industry.

February 2025:

In early February, XRP is trading at approx $2.71, experienced a decline from ATH due to profit taking, but still maintains a strong support level.

On February 13, XRP price is at $2,566 and experienced an increase in February 15, in numbers $2.79. 

Today February 16, XRP experienced a slight decline in numbers $2.75, shows high market dynamics with various spikes and corrections.

On February 22, the price of XRP is around $2.58, with a consolidation pattern in recent days, moving in a range $2.60-$2.80.

Per February 23, the price of XRP is at $2.57, showing volatility that is still high, but maintaining a strong support level after the price spike in January.

Factors Affecting XRP Price

Some of the main factors influencing the current price of XRP are as follows.

1. SEC vs Ripple Case Development: The outcome of the SEC lawsuit remains an important factor. A Ripple win could cause the price of XRP to skyrocket due to reduced regulatory uncertainty, potentially attracting institutional investors.

2. Adoption and Partnerships: Ripple's expansion of partnerships and its role in the ISO 20022 standard for financial messaging could substantially increase the demand for XRP in global transactions.

3. Technology advances: Ripple's ongoing development efforts aimed at improving transaction efficiency and security could attract more adoption and increase the price of XRP.

Read Also: XRP Price Analysis is Stable Even though the Crypto Market is Crashing 

XRP Technical Analysis February 24, 2025

Current XRP Price: $2.5894

Technical analysis of XRP for February 24, 2025 shows important support and resistance levels that need to be considered, namely as follows.

Level Support

$2.60: La key support level that plays an important role in arresting further declines. If the XRP price fails to stabilizehan this level, the price has potential back to the lower support zone nearby $2.50 And $2.40.

Level Resistance

$2.80: Leclose resistance level that must be broken to maintain bullish momentum. JIf XRP manages to break through this level, then the price has potential aiming for a psychological level in $3.00.

Technical Indicators

Relative Strength Index (RSI): Bera is in the numbers 54.58, which indicates a neutral position with the opportunity to rise if it approaches the overbought zone.

Stochastic RSI: shows a strong buy signal in the numbers100.00, which indicates that bullish momentum is building.

Moving Average Convergence Divergence (MACD): Mstill in the neutral zone -0.07373, which shows there is no clear trend confirmation yet.

Read Also: XRP ETF: If Approved, New York Stock Exchange Will List 

XRP Price Prediction February 24, 2025

Based on the technical analysis above, here are the XRP price predictions for February 24 2025, starting from bullish, consolidation, to bearish scenarios.

Bullish Scenario:

Target Price: $3.00-$3.20

If market momentum remains strong and buying pressure continues to increase, XRP price has the potential to break out resistance of $2.80. 

If this happens, the price could be pushed towards $3.00, driven by increasing institutional interest as well as positive market sentiment. If the bullish trend continues, XRP may even hit $3.20 as the next target.

Consolidation Scenario: 

Target Price: $2.60-$2.80

Hangry XRP is likely to move sideways in range $2.60 until $2.80, indicating market conditions are still uncertain. 

This reflects a balance between buying and selling pressure, with prices tending to stabilize while traders wait for the next market trigger. 

If this phase occurs, XRP could remain in this range for several days before establishing a clearer direction.

Bearish Scenario: 

Target Price: $2.50-$2.55

If selling pressure increases or market sentiment worsens—e.g regulations an unfavorable or downward trend in the crypto market at large—XRP could fall below level support $2.60. 

Under these conditions, the price of XRP is likely to return to the level $2.50 until $2.55, with the risk of further downside if the bearish momentum continues. If XRP falls below this zone, a longer bearish trend could occur.

Read Also: 4 Ripple Strategies: RLUSD, Asset Tokenization, Impact on XRP Price 

Conclusion

On February 24, 2025, XRP has major support at $2.60 And resistance of $2.80. Price movement around this level will determine whether XRP can continue its rise or undergo a further correction. 

If successful, bullish momentum is predicted to occur. With solid support levels and bullish indicators, the XRP price prediction February 23 should remain closely watched.

Investors are advised to remain alert to possible corrections and changes in market sentiment in the next few days.

Read Also: Ripple Plans to Launch XRP Depository Receipts, What Are They? 

XRP FAQs

What is XRP and what is its use?

XRP is a digital asset created by Ripple Labs and designed to facilitate cross-border payments. XRP blockchain technology enables transactions in just a few seconds with very low fees making it ideal for international money transfers and micropayments.

What is the Difference Between XRP and Other Cryptocurrencies Like Bitcoin?

XRP supports a cross-border payment system with a focus on speed and cost efficiency, different from Bitcoin which functions more as a store of value and investment tool. In addition, XRP uses a consensus mechanism that does not require mining so it is more energy efficient.

How much is 1 XRP USD?

Currently, 1 XRP is worth $2.57. 

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Author: IPR