XRP Price Predictions Soar as the Altcoin Surges 7% in a Day

XRP, one of the leading altcoins, showed strong performance today. As of February 20, 2025, XRP trades at $2.70, up 7% in the last 24 hours.

As one of the leading altcoins, XRP price movements have been closely watched by traders and investors alike. In recent updates, XRP showed strong performance with a 7% gain in the last 24 hours, trading at $2.70 as of February 20, 2025.

A deeper analysis of XRP price predcitions reveals a 9.59% weekly gain and a 29.95% year-to-date increase, showing strong market momentum. This aligns with a “strong bullish recovery” noted in recent analysis, with daily jumps like the 7% rise today.

Technical indicators, like the Relative Strength Index (RSI) above 50 and the Simple Moving Average (SMA) supporting the price, suggest bullish trends. Resistance is at $3.50, with support at $2.00.

Three-Month Price Trends and Analysis

From November 20, 2024, to February 20, 2025, XRP price likely rose from below $2.00 to $2.70. This growth aligns with bullishness in the market with analysts making optimistic XRP price predcitions.

This three-month period saw XRP prices rise from below $2.00, potentially testing $3.00 and reaching $3.50 if bulls maintain control, supported by high trading volume and positive technicals.

However, if bears take over, the price might drop to $2.50 or even $2.00, as XRP price movements are influenced by various factors like the SEC's ongoing review of XRP ETF approvals.

As of February 20, 2025, a decision is yet to be made on the approval, but it could be a key factor in determining XRP price movements.

A favorable ruling might push prices above the 2018 all-time high of $3.84, yet It’s surprising that the SEC’s potential ETF approval could significantly boost XRP.

Given the current legal debates around its classification, no decision has been made, keeping markets on edge.

Technical Analysis and Market Context

Technical indicators play a crucial role in shaping predcitions. The RSI, above the neutral 50 mark, indicates increased buying pressure, while the SMA supports the price chart, both noted on February 20, 2025, by The Coin Republic.

As the year began, XRP prices were around $2.08, showing a 29.95% year-to-date gain despite only 50 days into 2025. This aligns with optimism in the altcoin season and regulatory updates.

The bull case is supported by the 35% increase over three months and recent 7% daily gains, with volume at $5.37 billion. The bear case considers potential corrections, as seen in December 2024’s 20% drop.

The range outlook aligns with resistance at $3.50 and support at $2.00, noted in the February 20 analysis.