The XRP market experienced a rather turbulent trading week resulting in a net loss of 7.22%. While the altcoin has shown some stability over the past day, there is no indication of price recovery. Amid these developments, X digital asset analysis handle More Crypto Online has shared some market updates highlighting important price levels for the XRP market.<\/p>\n
In a new X post<\/a> on February 22, More Crypto Online provides an intriguing XRP price analysis identifying the needed conditions for a bullish or bearish development. According to these analysts, XRP is currently in neutral consolidation range indicating neither bulls nor bears are welding market control.<\/p>\n Based on the Elliot Wave Theory, it is understood the altcoin is holding well above the critical price of $2.47 which allows a bullish orange scenario to remain viable. XRP enthusiasts must avoid any decisive price fall below this support level which could activate a yellow bearish scenario.<\/p>\n In this case, XRP could slide into a downtrend with potential support levels identified at $2.34, $2.22, $2.11, and $1.95. On the other hand, aside from staying above $2.47,\u00a0 More Crypto Online states that market bulls must force a price surge above the $2.75 resistance zone to confirm any bullish breakout. Thereafter, XRP could surge to above $3.30.<\/p>\n Interestingly, fellow analyst Egrag Crypto presents<\/a> a higher validation point for the XRP bullish case, stating a monthly close above $3.00 is needed to show sufficient buying pressure for a sustained uptrend. As reported by NewsBTC, this development would pave the way for a new all-time high of around $6.00.<\/p>\n At press time, XRP trades at $2.56 reflecting a 0.84% in the past day. Meanwhile, the altcoin\u2019s monthly losses have now increased to 16.18%. XRP has failed to struggle to regain its bullish form from November 2024 due to multiple factors including widespread market uncertainty.<\/p>\n However, data from CoinMarketCap<\/a> reflects that the altcoin community remains largely bullish with expectations of long-term profitability. This optimism can be attributed to factors such as the growing potential<\/a> of XRP Spot ETF amidst strong investor confidence in the new US administration\u2019s pro-crypto approach.<\/p>\n Interestingly, this policy change has shown significant rewards as the US Securities and Exchange Commission (SEC) abruptly withdrew its lawsuit against Coinbase Exchange. If a similar development occurs in the Commission\u2019s case against Ripple, it could translate into a major bullish driver for the XRP market.<\/p>","protected":false},"excerpt":{"rendered":" The XRP market experienced a rather turbulent trading week resulting in a net loss of 7.22%. While the altcoin has shown some stability over the past day, there is no indication of price recovery. Amid these developments, X digital asset analysis handle More Crypto Online has shared some market updates highlighting important price levels for […]<\/p>\n","protected":false},"author":0,"featured_media":47130,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-47129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47129"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47129"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47129\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/47130"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}XRP Market Overview: Time To Hodl?<\/strong><\/h2>\n