Will Retail Bulls Push XRP Beyond $3.00 ?
The post Will Retail Bulls Push XRP Beyond $3.00 ? appeared on BitcoinEthereumNews.com.
Ripple (XRP) price hit $2.84 on Feb 15, rising 22% as it prints 5 consecutive daily green candles. On-chain data trends show increased retail activity on the XRP ledger network could see XRP price hold relatively high support levels as euphoria from SEC acknowledging XRP and DOGE etfs subsides. Ripple (XRP) Racks Up 22% Gains in 5 Consecutive Days in Green Ripple (XRP) was among the standout performers in the crypto markets this week, outperforming Bitcoin (BTC) and Ethereum (ETH) as it surged 22% over five consecutive days. This rally was fueled by two major catalysts: Ripple’s decision to drop charges against XRP and the U.S. Securities and Exchange Commission (SEC) acknowledging an XRP spot ETF filing. The combination of favorable regulatory developments and rising investor sentiment triggered a notable influx of capital into XRP. XRP Price Action, Feb 15 2025 The Ripple price chart above illustrates its impressive rally, climbing from an opening price of $2.40 on Monday, Feb. 10, to a peak of $2.84 by Saturday, Feb. 15. This sustained upward momentum has propelled XRP’s market capitalization above $155 billion at press time. The five consecutive daily green candles indicate a strong bullish trend, suggesting that demand remains robust even as broader market sentiment stabilizes following the SEC’s latest regulatory actions. Historically, such sustained upward movements have signaled an extended bullish phase. If current momentum holds, XRP could see further upside potential, with the next key resistance levels forming near the $3.00 psychological threshold. However, traders will be closely watching whether XRP can maintain support levels in case of profit-taking in the coming days. Retail Demand Drives up XRP Ledger Blockchain Network Activity by 39% While much of the media attention has focused on the SEC’s acknowledgment of the XRP spot ETF filing and Ripple dropping charges against…
Filed under: News - @ February 16, 2025 12:08 am