The post XRP Price Prediction for February 16 – Can XRP Break $3 Resistance? appeared on BitcoinEthereumNews.com.

XRP continues its strong rally but is now in overbought territory, though analysts still see room for further gains. And PlutoChain ($PLUTO) might be interesting to look at as a Layer-2 solution designed to fix Bitcoin’s scalability issues. With 2-second block times and EVM compatibility it could push Bitcoin beyond a store of value. Here’s what you need to know on both projects. Will XRP Break $3 or Face a Pullback? XRP has been on a strong upward trend. It surged 9.56% in the past 24 hours to $2.75 on February 14. It even hit an intraday high of $2.81 before pulling back slightly. Trading activity remains strong, with 24-hour volume reaching $9.61 billion and a market cap of $158.87 billion, which keeps XRP among the top cryptocurrencies. The Relative Strength Index (RSI) is at 71, signaling that XRP has entered overbought territory. This means buyers have been in control, but it also raises the possibility of a short-term correction. RippleMaestro believes XRP could end the year above $10 and cites optimism about its growth potential. CoinsKid expects XRP to hit at least $4 in its current wave 3, followed by a wave 4 correction before a final wave 5 rally to at least $8.31. PlutoChain ($PLUTO) Could Expand Bitcoin’s Overall Utility With its Hybrid Layer-2 Network Bitcoin may be the world’s first and most recognized cryptocurrency, but it struggles with slow transactions and high fees, which makes it impractical for everyday payments. When network congestion spikes, fees can skyrocket to $50 or more, which further limits its real-world usability. PlutoChain ($PLUTO) could step in as a hybrid Layer-2 solution designed with the potential to enhance Bitcoin’s speed and affordability. By implementing 2-second block times — a huge improvement compared to Bitcoin’s 10-minute blocks — PlutoChain could make transactions nearly…

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Filed under: News - @ February 16, 2025 7:08 pm