XRP Price Prediction & Analysis: Mounting Pressure as Price Tests Critical $2.50 Support Level

TLDR

XRP is experiencing strong selling pressure, trading around $2.50 with multiple rejections at $2.60-$2.70 range

Technical indicators including MACD and RSI show increasing bearish momentum

Market structure shows a pattern of lower highs and lower lows, with bears controlling price action

Support at $2.50 remains key, with $2.40 and $2.320 identified as next potential support levels

XRP needs to break above $2.80 for potential bullish rally towards $3.00, but currently lacks clear direction

XRP is currently testing a crucial support level at $2.50 amid increasing selling pressure across major cryptocurrency exchanges. As of February 24, 2025, the asset is down more than 2 percent, reflecting broader market weakness with Bitcoin trading below $96,000.

Trading data from major exchanges reveals XRP struggling to maintain stability above the $2.50 mark, which has become a key battleground between buyers and sellers. Recent market activity shows heightened volume during tests of this level, indicating its importance as a psychological price point for traders.

The digital asset has faced multiple rejections in the $2.60-$2.70 range, establishing a clear resistance zone that bulls have failed to breach despite several attempts. This repeated failure to break higher has led to weakening market sentiment and increased selling pressure.

Technical Analysis

Technical analysis of XRP’s price structure shows the asset trading below several key indicators, including the 100-hour moving average. Recent trading patterns indicate that any moves above $2.5650 have met immediate selling pressure, with bears actively defending this resistance level.

Volume analysis presents concerning signals for bulls, as selling volume consistently outpaces buying pressure during recent trading sessions. This imbalance has contributed to the formation of lower highs and lower lows on shorter timeframes, a pattern typically associated with bearish market conditions.

Data from Kraken demonstrates that attempts to rally above $2.60 have been quickly rejected, with sellers pushing prices back toward the $2.50 support zone. The MACD indicator continues to show increasing bearish momentum, while the Relative Strength Index remains positioned below the neutral 50 level.

Price action analysis reveals that recovery attempts have been limited to the 23.6% Fibonacci retracement level of the recent downward movement from $2.7450 to $2.508. This shallow retracement suggests limited buying interest at current price levels.

Market observers are watching closely for a potential breach below the $2.50 support, which could trigger increased selling pressure. In such a scenario, prices might move toward the next support levels at $2.40 and $2.320, areas where buyers might step in to defend prices.

According to analyst Josh of Crypto World, while $2.50 serves as the first support level, additional support exists between $2.25 and $2.30. This creates a range-bound environment, indicating a lack of decisive movement in either direction.

The hourly chart reveals multiple technical barriers that bulls need to overcome for any sustained recovery. The first major resistance sits at $2.60, followed by additional resistance at $2.620, which aligns with the 50% Fibonacci retracement level.

Trading patterns show that aggressive selling emerges during attempts to push prices above $2.60. This behavior has established a clear resistance zone between $2.60 and $2.70, which bulls have failed to overcome despite multiple attempts.

Volume profile analysis indicates increased trading activity near the $2.50 level, suggesting market participants recognize its importance as a key support zone. A decisive break below this level could trigger stop-loss orders and lead to accelerated downside movement.

A potential bullish scenario could emerge if XRP manages to break above $2.80 and close a daily candle above this level. Such a move could signal the beginning of a relief rally, possibly driving the price toward the $3.00 mark. However, achieving this would require overcoming current selling pressure.

The most recent trading data shows XRP continuing to face selling pressure near $2.520, with bears actively pushing prices back toward the critical $2.50 support level. Trading volume remains elevated around these price points, indicating active market participation.

Current market conditions suggest short-term price action may remain relatively uneventful, with sideways movement likely to continue until a clear breakout or breakdown occurs.