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The XRP price has slumped 1% in the last 24 hours to trade at $2.66 as of 3:30 a.m. EST on a 30% plunge in trading volume to $3.75 billion.
The drop in the XRP price comes despite growing optimism around spot XRP ETFs, with the SEC acknowledging multiple filings, including CoinShares, Grayscale, 21Shares, and Bitwise. Additionally, Brazil’s securities commission approved the country’s first spot XRP ETF by Hashdex.
BREAKING:
🇺🇸SEC HAVE ACKNOWLEDGED
GRAYSCALE’S 19B-4 FILING FOR
SPOT $XRP ETF.SEND XRP TO $5 NEXT !!! pic.twitter.com/c6XdKruOfn
— Ash Crypto (@Ashcryptoreal) February 13, 2025
Meanwhile, crypto commentator Polly predicts market makers are preparing the Ripple token for a new all-time high. The crypto trader believes the SEC-Ripple lawsuit will be resolved by February’s end. This would trigger a “god candle” for the asset, allowing XRP to reach as high as $6 within the next 10 days.
$XRP has the best looking daily out of all the top 10 majors right now. It's almost as if it's being painted by a very advanced MM who will let it breathe very soon.
$6 this month. The incoming God candle after the lawsuit is dismissed will leave people wishing they bought at… pic.twitter.com/CIfT6gqoW6
— Polly (@0xsushi) February 19, 2025
XRP Price Eyes Potential Rally As It Holds Above Key Support
Despite the slight pullback in the last 24 hours, XRP has shown strong resilience following its breakout from a descending triangle pattern. However, after reaching new highs, the price retraced, consolidating within a critical support zone.
A key support zone lies between $2.00 and $2.10, where XRP previously found strong buying pressure. This zone has acted as a safety net, preventing a deeper correction. If price action remains above this level, it will reinforce market confidence and provide a foundation for further upward movement. On the upside, resistance is established between $3.06 and $3.50, a key level where XRP has historically faced selling pressure. Breaking past this resistance would signal a strong continuation of the bullish trend, potentially driving XRP to new highs.
XRPUSDT Analysis Source: TradingView
XRP appears to be forming a cup-like pattern, often associated with bullish continuation. This indicates a possible rally toward the $3.06 – $3.50 resistance zone, provided the price maintains stability above the $2.50 psychological level. A sustained move above $2.75 could confirm the beginning of an uptrend, while failure to hold this level might result in a retest of the support range.
The Relative Strength Index (RSI) currently stands at 50.71, hovering in the neutral zone. The RSI support level at 46.84 suggests that XRP is rebounding from near-oversold conditions, which could attract fresh buyers into the market. If the RSI climbs above 55-60, it would confirm increasing bullish momentum and a potential breakout attempt. Conversely, a drop below 45 by the RSI might indicate weakening momentum, leading to further consolidation or downside movement.
For XRP to maintain its upward trajectory, it must stay above $2.50 and gain momentum beyond $2.75. If buyers push the price past the $3.06 – $3.50 resistance zone, a breakout rally could follow. However, if $2.50 fails, XRP could revisit the $2.00 – $2.10 support range.
This Meme Index Presale Closes On $4 Million – Best Crypto To Buy Now?
As the XRP price gears up for a potential rally, Meme Index (MEMEX) is stealing the spotlight with its presale, already crossing $3.8 million in early-stage funding. Investors are rushing in, drawn by its unique approach to meme coin investments.
MEMEX is a crypto investment platform designed to give traders structured exposure and make it easy to invest in meme coins. It offers 4 indexes, Titan, Moonshot, MidCap, and Frenzy. Each of these baskets comes with a different level of associated risk. This means that investors can choose how much risk they want to take, whether they prefer safer options or bigger risks for higher rewards.
ALERT 🚨: This is the FIRST meme INDEX on the market $MEMEX Presale has 17 hours left, and already has raised $2.8M 😳 Popular meme coins like $DOGE $PEPE $WIF $SHIB & many more, even great potential coins!!! What a great idea join in on their link @memecoin_index pic.twitter.com/cPsxgNXjs7
— Exoticz (@YhwExoticz) January 23, 2025
Titan is the lowest-risk basket, focusing on popular meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE). Meanwhile, the Frenzy basket carries the highest risk, investing in brand-new projects with big profit potential but also greater risk.
Crypto YouTuber ClayBro, with over 136k subscribers, predicts that MEMEX could surge 26X after launch.
The MEMEX token powers the platform, allowing holders to vote on upgrades, index changes, and future developments. Smart contracts ensure secure transactions and automatic index updates. Investors can also stake MEMEX and earn a huge 601% annual return.
Currently priced at $0.0164239, MEMEX can be purchased using ETH, USDT, BNB, or a bank card. The price will go up in less than 2 days, so now is the best time to buy.
Buy MEMEX tokens on the official website here.
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