BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

XRP Holds Steady Amid Market Volatility: Is This a Sign of Major Upcoming Breakout?

by Drop Gorn
February 27, 2025
in CRYPTO, FINANCE, OPINION
Reading Time: 5 mins read
A A
16
SHARES
261
VIEWS
Share on XShare in TelegramShare on Reddit
  • XRP Consolidation Hints at a Major Breakout: Analysts expect a potential breakout by mid-to-late March, as XRP holds firm at key Fibonacci retracement levels despite resistance.
  • Whale Sell-Off Sparks Market Uncertainty: Over 370 million XRP dumped in 96 hours, contributing to an 11.29% weekly decline, though XRP rebounded 4.73% in the last 24 hours.
  • XRPL Developments & ETF Progress Fuel Optimism: Brazil’s approval of a spot XRP ETF and SEC’s dropped cases against major exchanges signal potential regulatory progress for Ripple.

While many altcoins have been bleeding, Ripple ($XRP) has held its ground, showing relative stability in a shaky market. Analysts suggest a major breakout could be on the horizon, possibly by mid-to-late March, as the token forms a tight consolidation pattern.

Despite hitting resistance at key downtrend levels, XRP continues to find support at crucial Fibonacci retracement points. Meanwhile, whale activity raises questions about potential selling pressure, adding to market uncertainty.

Technical Analysis—Key Support Levels in Focus

Charting Guy, a well-known crypto analyst, notes that XRP has been trading sideways for months, even as most altcoins have suffered significant declines. Recently, XRP was rejected at downtrend resistance, but it has held firm at an uptrend support level, aligning with the 0.888 Fibonacci retracement.

This consolidation within a triangle pattern suggests that XRP may continue ranging until it reaches the apex around mid-to-late March.

Meanwhile, EGRAG CRYPTO analyzed XRP’s four-hour chart, highlighting a potential reversal. After seven consecutive red candles, the price has shown early signs of recovery, with three green candles forming. If XRP establishes support near $2.07, it could confirm a double-bottom pattern, possibly triggering an upward breakout.

For those looking to capitalize on potential dips, EGRAG CRYPTO suggests placing spot limit orders at $2.00, $1.855, and $1.73, but cautions against excessive leverage trading.

Charting Guy XRPUSDT technical analysis

Whale Activity—Massive Sell-Off Raises Concerns

Crypto analyst Ali Martinez reported that XRP whales have dumped over 370 million tokens in just 96 hours. This massive sell-off has weighed on price action, contributing to XRP’s recent decline.

Despite the selling pressure, XRP has bounced back 4.73% in the past 24 hours, now trading at $2.28. However, over the past week, the token is still down 11.29%, highlighting the uncertainty in market sentiment.

Even with these fluctuations, Ripple maintains a strong market cap of $132.42 billion, reinforcing its position as a major player in the crypto space.

The TD Sequential indicator has been highly accurate in predicting $XRP price direction since 2022. It now flashes a sell signal on the 2-weeks chart, suggesting an impending correction. pic.twitter.com/K4DaBDUihQ

— Ali (@ali_charts) February 26, 2025

XRPL Developments & ETF Progress—A Game Changer?

The XRP Ledger (XRPL) is evolving fast, with major upgrades aimed at institutional DeFi adoption. Some key developments include:

  • Automated Market Maker (AMM) integrated into its order-book DEX.
  • Decentralized Identity (DID) system to enhance KYC and AML compliance.
  • Multi-Purpose Token (MPT) standard for tokenized assets.

These innovations position XRPL as a scalable, compliance-friendly Layer 1 solution, making it an attractive choice for financial institutions.

Meanwhile, Brazil has approved a spot XRP ETF, and the U.S. SEC has acknowledged filings for similar products. The SEC recently dropped cases against Coinbase, OpenSea, and Robinhood, which could hint at progress in Ripple’s long-running legal battle.

Final Thoughts—Breakout or Breakdown?

XRP is at a critical juncture. If support holds and sentiment improves, a breakout past resistance could send the token toward new highs. However, whale sell-offs and ongoing legal uncertainty mean the downside risk hasn’t fully disappeared.

For now, all eyes are on mid-to-late March, when this consolidation phase is expected to resolve—one way or another.

Tags: CoinbaseEGRAG CRYPTOETFopensearippleXRPL
Tweet4ShareShare
Previous Post

Crypto Regulatory Relief: SEC Ends Probe into Gemini Exchange with No Charges

Next Post

Cardano Plummets 12% as Bulls Battle to Maintain Critical Support: Here is What Investors Need to Know

DON'T MISS THESE! HOT OFF THE PRESS

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance
CRYPTO

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing
CRYPTO

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself
CRYPTO

Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

July 18, 2025
Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape
CARDANO

Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

July 18, 2025
$10 Trillion Asset Manager Charles Schwab Confirms Bitcoin and Ethereum Trading: Here is Why This is Bullish
BITCOIN

$10 Trillion Asset Manager Charles Schwab Confirms Bitcoin and Ethereum Trading: Here is Why This is Bullish

July 18, 2025
Crypto Liquidations Spike Near $1 Billion as Sentiment Flips Bearish: Here is What You Need to Expect
CRYPTO

Crypto Liquidations Spike Near $1 Billion as Sentiment Flips Bearish: Here is What You Need to Expect

July 18, 2025
Load More

Related News

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

July 18, 2025
Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

July 18, 2025
$10 Trillion Asset Manager Charles Schwab Confirms Bitcoin and Ethereum Trading: Here is Why This is Bullish

$10 Trillion Asset Manager Charles Schwab Confirms Bitcoin and Ethereum Trading: Here is Why This is Bullish

July 18, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin US Web3 X xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.