XRP Price Prediction for February 17, 2025

$XRP, the native token of Ripple Labs, has shown an impressive recovery of over 20% in the past few days and has reached a crucial resistance level. However, looking at $XRP’s historical price pattern and the ongoing consolidation in the four-hour time frame, it appears that the altcoin is preparing for massive upside momentum in the coming days.

$XRP Technical Analysis and Upcoming Levels

According to expert technical analysis, $XRP appears to be forming a bullish cup and handle pattern on the four-hour time frame and is on the verge of a breakout, as it currently faces resistance at the neckline of the pattern.

Based on historical trends, if $XRP breaches this resistance level and closes a four-hour candle above $2.82, there is a strong possibility it could soar by 18% to reach $3.30 in the coming days.

At press time, $XRP appears to be trading above the 200-day Exponential Moving Average (EMA) on the four-hour time frame, indicating an uptrend. This is a key signal that most investors and traders look for before entering the asset.

$28.60 Million Worth $XRP Outflow

Besides this, traders and investors appear to be taking full advantage of the bullish price action, accumulating $XRP and betting on a massive upside gain, as reported by the on-chain analytics firm Coinglass.

Data from spot inflow/outflow reveals that exchanges have witnessed an outflow of a significant $28.60 million worth of $XRP tokens in the past 24 hours, which potentially indicates accumulation.

However, such a substantial outflow from exchanges has the potential to create buying pressure and drive further upside momentum.

Current Price Momentum

With an overall bullish outlook, $XRP is currently trading near $2.75 and has experienced a modest price surge of 0.50% in the past 24 hours. However, during the same period, its trading volume dropped by 33%, indicating lower participation and increased caution compared to the previous day.