XRP Price Prediction February 17, 2025: Today's Trends and Scenario

Bittime - Currently, XRP is the fourth largest crypto asset in the world after Bitcoin, Ethereum, and Tether, with a market capitalization that has reached $159 billion.

Some things can influence XRP price. What are they and what are the short-term prospects for this asset? Read the following article to find out the XRP price prediction February 17, 2025!

XRP Price Performance Today

Source: Bittime.com

On February 16, 2025, XRP was trading in a range $2.7570, recorded a slight decline 0.74% compared to the previous day. 

The market is showing volatility with daily lows at $2.7149 and highest in $2.8237. 

The total market capitalization of XRP stands at approx $159 billion, indicating strong investor interest despite recent price fluctuations.

Read Also: XRP Price Prediction to Increase in 2025, Here's the Reason! 

XRP Price Movement History

Early 2024: 

XRP starts 2024 with prices $0.524. Throughout the first half of the year, the price of XRP remained stagnant, indicating sluggish market activity.

End 2024: 

On November, XRP surged sharply after the US presidential election results were announced. Prices rise to $2.00–$2.60, recorded an increase 500% from the beginning of the year. 

Later in the month December, XRP closed the year in numbers $2,16, with an annual increase of 250%.  

January 2025:

On January 16th, XRP hit ATH of $3.41, driven by strong bullish momentum and managed to break a key resistance level.

Then at the end of January, XRP experienced consolidation within the range $2.94–$3.27 and closed on $3.051 on January 28, reflecting an annual (YoY) increase of 482.2%.

February 2025:

In early February, XRP is trading at approx $2.71, experienced a decline from ATH due to profit taking, but still maintains a strong support level.

On February 13, XRP price is at $2,566 and experienced an increase on February 15, in numbers $2.79. 

Today February 16, XRP experienced a slight decline in numbers $2.75, shows high market dynamics with various spikes and corrections.

Factors that Affecting XRP Price

Some of the main factors influencing the current price of XRP are as follows.

1. SEC vs Ripple Case Development: The outcome of the SEC lawsuit remains an important factor. A Ripple win could cause the price of XRP to skyrocket due to reduced regulatory uncertainty, potentially attracting institutional investors.

2. Adoption and Partnerships: Ripple's expansion of partnerships and its role in the ISO 20022 standard for financial messaging could substantially increase the demand for XRP in global transactions.

3. Technology advances: Ripple's ongoing development efforts aimed at improving transaction efficiency and security could attract more adoption and increase the price of XRP.

Read Also: XRP Price Analysis is Stable Even though the Crypto Market is Crashing 

XRP Technical Analysis for February 17, 2025

Current XRP Price: $2.7570

Technical analysis of XRP for February 17, 2025 shows important support and resistance levels that need to be considered, namely as follows.

Level Support

$2.60: Nearest support level, if XRP price falls below this level, there is a possibility of further correction.

$2.50: A strong support zone that has previously been tested and acts as a buffer against a deeper decline.

$2.40: A crucial level for maintaining bullish momentum, if the price falls below this level, there is a risk of a more significant decline.

Level Resistance

$2.80: The first resistance level that needs to be broken for the XRP price to continue its uptrend.

$2.85-$3.00: The main psychological resistance zone, if the price breaks this area, it could be confirmation of a stronger bullish trend.

$3.40 (All-Time High): If bullish momentum continues, this medium-term target could be achieved.

Technical Indicators

Relative Strength Index (RSI): Currently in numbers 75, indicating overbought conditions that could trigger a correction in the short term.

Moving Average Convergence Divergence (MACD): The MACD line is still above the signal line, which confirms the bullish trend.

Read Also: XRP ETF: If Approved, New York Stock Exchange Will List 

XRP Price Prediction February 17, 2025

Based on the technical analysis above, here are the XRP price predictions for February 16 2025, starting from bullish, consolidation, to bearish scenarios.

Bullish Scenario:

Hangry XRP continues its uptrend driven by positive sentiment and potential related news Grayscale's XRP ETF approval. If buying pressure remains strong:

Target Price: $2.80-$2.85

Reason: If XRP manages to break through resistance at $2.80, the price of XRP may experience further increases to levels $2.85.  

Consolidation Scenario: 

Hangry XRP moves within a certain range as profit taking occurs and the market waits for the next direction.

Target Price: $2.60-$2.75

Reason: After a bull run, XRP may move sideways between these levels before trying breakout return if a positive catalyst emerges.

Bearish Scenario: 

Profit-taking causes the price of XRP to decline along with shifts in market sentiment.

Target Price: $2.50-$2.55

Reason: If selling pressure increases or traders react to conditions overbought which is indicated by RSI at level 75, then XRP could experience a correction to this level. If the price falls below this level, there is potential for a deeper correction.

Read Also: 4 Ripple Strategies: RLUSD, Asset Tokenization, Impact on XRP Price 

Conclusion

On February 17, 2025, XRP has major support at $2.60 And resistance of $2.80. Price movement around this level will determine whether XRP can continue its rise or undergo a further correction. 

If successful, bullish momentum is predicted to occur. With solid support levels and bullish indicators, the XRP February 17 price prediction should remain closely watched.

Investors are advised to remain alert to possible corrections and changes in market sentiment in the next few days.

Read Also: Ripple Plans to Launch XRP Depository Receipts, What Are They? 

XRP FAQs

What is XRP and what is its use?

XRP is a digital asset created by Ripple Labs and designed to facilitate cross-border payments. XRP blockchain technology enables transactions in just a few seconds with very low fees making it ideal for international money transfers and micropayments.

What is the Difference Between XRP and Other Cryptocurrencies Like Bitcoin?

XRP supports a cross-border payment system with a focus on speed and cost efficiency, different from Bitcoin which functions more as a store of value and investment tool. In addition, XRP uses a consensus mechanism that does not require mining so it is more energy efficient.

How much is 1 XRP USD?

Currently, 1 XRP is worth $2.75. 

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Author: IPR