$XRP The $2.4 support level is currently a key pivot for XRP’s price action, as traders assess whether to accumulate on weakness or exit near resistance. While market sentiment remains mixed, recent price movements reflect both downside risks and potential recovery signals. The coming sessions will be crucial in determining whether XRP sustains its bullish trajectory or faces renewed selling pressure.
Technical Outlook: Key Levels to Watch
The four-hour chart indicates conflicting signals amid broader crypto market fluctuations. If $2.4 holds as support, buyers could regain control and push the price toward the next resistance zone at $2.581—a key 50% Fibonacci retracement level. A breakout beyond this point could trigger a bullish move toward $2.83 liquidity, with further upside potential at $3.15 and $3.55 Fibonacci extension levels.
However, a decisive break below $2.4 may expose sell-side liquidity at $2.326, heightening the risk of further downside toward $2.10. Additionally, XRP is currently forming a rising wedge pattern, which often signals weakening momentum. If buyers fail to reclaim strength, a bearish breakdown could accelerate.
Momentum & Market Sentiment
With Relative Strength Index (RSI) at 41, the market leans slightly bearish. A recovery above 45 RSI could indicate a shift in momentum favoring bullish accumulation strategies. Conversely, a continued decline below 40 RSI would confirm bearish dominance, increasing the likelihood of further downside pressure.
On-chain data also suggests mixed sentiment. On February 18, 2025, $75.26 million worth of XRP was withdrawn from exchanges, hinting at potential accumulation. However, with XRP struggling around $2.5628, buyers may lack conviction. If these outflows fail to translate into sustained price appreciation, the $2.4 support level could come under threat, leading to a retest of lower levels.
For now, traders should watch how XRP reacts at $2.4—a bounce could fuel upside momentum, while a breakdown may invite deeper corrections. Stay vigilant, as the next move could define XRP’s short-term trajectory. 🚀📊
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