Ripple (XRP) price has been relatively sluggish this week, reflecting the overall choppy movements in the crypto market. Despite this, there is optimism surrounding XRP’s price potential as large addresses, or whales, continue to accumulate tokens. This accumulation by whales suggests a bullish XRP price prediction, with analysts foreseeing a possible 40% rally to $3.64. Currently, XRP is trading at $2.58 on February 22, 2025, with fluctuations between a daily low of $2.51 and a daily high of $2.71.
The correlation between XRP’s price performance and Bitcoin’s movements is evident, with the potential for a 40% rally to $3.64 in the near term. However, factors like low retail interest and resistance levels may be hindering a substantial uptrend for XRP. Despite this, positive developments, such as progress in the SEC vs. Ripple case and potential ETF approval, could trigger a breakout if retail sentiment turns bullish.
Whale activity in the XRP market is a significant factor to consider when predicting price movements. Recent data shows that XRP whales have been accumulating tokens, with large addresses purchasing an additional 20 million XRP valued at over $50 million. This accumulation by whales, despite XRP’s sluggish performance, could signal confidence in an upcoming recovery and potentially lead to a bullish breakout with a 40% surge in price.
On the technical analysis front, XRP’s daily chart reveals a consolidation phase for almost three weeks, with resistance at the 61.8% Fibonacci level of $2.77 and support at the 38.2% Fib level of $2.39. However, the lack of buying pressure and bearish momentum indicated by the RSI and MACD line may continue to stifle XRP’s price performance until retail interest returns. A breakout to target $3.64 may be contingent on overcoming resistance at $2.80, pending positive retail sentiment.
In conclusion, the outlook for XRP’s price trajectory remains dependent on various factors, including whale activity, retail interest, regulatory developments, and technical indicators. While the current consolidation phase may indicate uncertainty, the potential for a 40% rally to $3.64 is not entirely ruled out if positive triggers align. Traders and investors should closely monitor market dynamics and key levels to gauge the likelihood of a bullish breakout for XRP in the near term.
