XRP, the native token of Ripple Labs, is once again showing strength as its price continues to soar. On February 19, 2025, the asset witnessed an impressive recovery, surging 6.5% from $2.51 to $2.65 in the past 24 hours.
This price jump and the ongoing market recovery seem to be gaining attention from crypto enthusiasts, leading to the accumulation of XRP tokens and bullish bets, as reported by the on-chain analytics firm Coinglass.
The current market sentiment appears to present an ideal buying opportunity, which might explain the significant withdrawal of assets in the past 24 hours. Data from spot inflows and outflows reveal that exchanges across the cryptocurrency landscape have witnessed a substantial outflow of $75 million worth of XRP tokens, indicating potential accumulation.
This bullish activity by investors and long-term holders occurred as the asset began showing signs of a price reversal from the ascending trendline that XRP has followed since the beginning of February 2025.
According to CoinPedia’s technical analysis, XRP appears to be forming an ascending triangle pattern on the four-hour timeframe and is currently approaching the resistance level, or neckline, at $2.80.
With the current market sentiment and bullish investor activity, XRP could easily reach this level. Additionally, if market sentiment remains unchanged, XRP could hit $3.30 in the future.
Currently, XRP is trading near $2.65 and has surged over 6.5% in the past 24 hours. However, during the same period, its trading volume jumped by 11%, indicating heightened participation from traders and investors.
Ripple’s XRP is making headlines this week with a big development; the much-anticipated EVM sidechain…
Circle Internet Group Inc. (NYSE: CRCL), a top-tier stablecoin issuer, has applied for a national…
Kaanch (KNCH) is anticipated to create a great impression in the market through its future…
Arbitrum (ARB) price was the best performing top-100 altcoins by market cap in the past…
Years ago, when John E Deaton, a well-known crypto advocate and legal voice in the…
As the Ethereum price approaches Q3, it has shown a notable 3% increase, surpassing the…