Technical Indicators for XRP

Technical indicators are suggesting that XRP might wait longer before reclaiming the $3 resistance, a level that has remained elusive recently.

Notably, the token is flashing a sell signal, with the TD Sequential indicator triggering a bearish warning on the daily chart. This suggests that a potential pullback might be on the horizon, according to prominent cryptocurrency analyst Ali Martinez in an X post on February 18.

XRP is showing a TD Sequential ‘9’ sell signal, a pattern known for predicting trend exhaustion. Historically, this indicator is leveraged to anticipate short-term reversals, indicating that sustained volatility could be on the horizon for XRP.

If selling pressure increases, Martinez suggests the key support levels to watch include $2.50 and $2.35. However, if XRP holds above current levels and invalidates the TD Sequential signal, the next major resistance remains at $2.80 and $3.

Indeed, the asset has faced downward pressure recently, mostly aligning with the general cryptocurrency market sentiment.

XRP Replicating 2017 Price Breakout

Meanwhile, while acknowledging XRP’s current struggles, cryptocurrency analyst Dark Defender stated in another X post on February 18 that the token’s long-term bullish setup looks intact. The pseudonymous analyst noted that despite the sell-off, XRP is following a pattern similar to its 2017 breakout. After clearing two key resistance trendlines, XRP is now targeting levels above $5.

In this line, XRP recently broke past the $0.8462 resistance, aligning with the 70.7% Fibonacci retracement level, setting the stage for a potential rally. Key targets to watch include $3.8577 (2.618 Fibonacci) and $5.8554 (3.618 Fibonacci). If history repeats, XRP could see a parabolic surge like in 2017.

As reported by Finbold, the popular online trading expert, TradingShot, also believes that XRP is mirroring its 2017 run, with a potential target of $12.50 if the trend holds.

Beyond technical factors, regulatory developments could also influence XRP’s price. With a more crypto-friendly administration, the XRP community anticipates the Securities Exchange Commission (SEC) may seek a resolution in its legal battle with Ripple, potentially through case dismissal or a favorable settlement.

Meanwhile, the focus has also shifted to the SEC’s review of a spot XRP exchange-traded fund (ETF) after the regulator acknowledged receiving applications on February 14. A decision is expected by October 2025.

XRP Price Analysis

At the time of reporting, XRP was trading at $2.58, down over 3% in the last 24 hours but up 3.4% on the weekly timeframe. Currently, sentiment around XRP remains largely bearish. The asset shows signs of extended losses in the short term as it hovers below the 50-day simple moving average (SMA) of $2.66. However, in the long term, sentiment remains bullish, as XRP’s current price is comfortably above the 200-day SMA at $1.39.

A review of momentum indicators such as the Relative Strength Index (RSI) points to neutrality. A reading of 49 indicates that XRP is neither overbought nor oversold, while volatility remains elevated at 10.81%.

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