XRP Price Prediction February 23, 2025

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 23, 2025!

XRP Price Performance Today

Source: Bittime.com

On February 22, 2025, the price of XRP today is trading in a range $2.5894, recorded a decline 2.36% compared to the previous day. The market is showing volatility with daily lows at $2.5096 and highest in $2.7135. 

The total market capitalization of XRP stands at approx $149 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

The following is the history of h's XRP price movement from early 2024 to February 22, 2025.

Early 2024: 

XRP starts the year 2024 at a price of approx $0.50. During the first half 2024, the price of XRP experienced a gradual increase, mainly due to favorable legal decisions against SEC.

End of 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. 

On December, XRP reached approx $2.24, marking a rise of more than 350% from prices at the beginning of the year. This growth is driven by increasing regulatory clarity and increasing use XRP Ledger for various applications.

January 2025:

On January 2025, the price of XRP remains in a high range, fluctuating between $2.88-$3.41. On January 16th, XRP hit ATH of $3.41, driven by strong bullish momentum and managed to break a key resistance level.

On January 31, 2025, XRP is listed on $3.04, which shows strong market activity as investors react to the latest developments in the crypto industry.

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 in 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.

On February 22, the price of XRP is around $2.58, with a consolidation pattern in recent days, moving in a range $2.60-$2.80.

Factors 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 February 23, 2025

Current XRP Price: $2.5894

Technical analysis of XRP for 23 February 2025 shows important support and resistance levels that need to be considered, namely as follows.

Level Support

$2.55: A very important short-term support level. If the price of XRP fails to stay above this level, XRP is at risk of a downward correction $2.28 or even $1.96.

$2.28: The support level is strong at the intermediate level, in line with level retracement Fibonacci and previous consolidation zones.

Level Resistance

$2.72: Nearest resistance level. If XRP price is able to break this level, there is potential for a rally heading $3,40.

$3.08-$3.15: A secondary resistance level that is parallel to Fibonacci extensions and the previous highest point.

Technical Indicators

Relative Strength Index (RSI): RSI is approaching the neutral zone around 60, indicating bullish momentum moderate.

Moving Average Convergence Divergence (MACD): XRP price is trading above 50 day moving average, but still below monthly pivot points, which indicates mixed signals in the short term.

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

XRP Price Prediction February 23, 2025

Based on the technical analysis above, here are the XRP price predictions for February 23 2025, starting from bullish, consolidation, to bearish scenarios.

Bullish Scenario:

Target Price: $3.00-$3.40

If XRP is successful broke $2.72 resistance, this indicates strong bullish momentum. Positive sentiment from recent developments, such as XRP ETF approval in Brazil, can increase buying interest.

Supporting Indicators:

RSI move up on 60, indicating bullish momentum. Trading volume increased, supporting further price increases.

Consolidation Scenario: 

Target Price: $2.50-$2.72

XRP moves sideways if it fails breaking through resistance or defending a key support level. Market sentiment remains neutral, with traders waiting for clearer signals before taking large positions.

Supporting Indicators:

RSI is in the neutral zone (50-60), indicating a lack of strong push in either direction. Prices move in a range support is $2.55 and resistance is $2.72, indicating that there is doubt in the market.

Bearish Scenario: 

Target Price: $1.96-$2.28

If XRP falls below $2.55 support, selling pressure could increase and cause the price to fall to a lower support level. Negative market sentiment or unsupportive news can exacerbate selling pressure.

Supporting Indicators:

RSI dropped below 40, indicating increased bearish momentum. Trading volume decreases, indicating seller dominance in the market.

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

Conclusion

On 23 February 2025, XRP has major support at $2.55 And resistance of $2.72. 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 price prediction February 23 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 $2.58. 

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Author: IPR