February 18th Price Update: XRP Shows Significant Movement

Ripple’s XRP is still below $2.70, and the testing phase continues. However, the traction in the last 7 days, keeps hopes alive. An 8% weekly move…………. 

A few days ago, Ripple’s XRP was facing 80% odds of getting a spot ETF approval. However, the price volatility of the altcoin keeps the interest and hopes of the traders ticking. Meanwhile, there is no optimistic news from the center. In the last 24 hours, Ripple’s XRP fell by 2% and is still trickling down as we write this news piece.  

The bigger Picture 

XRP may be a big drop-down today. But it is one of the major gainers among altcoins in the last 7 days. The seven-da streak reveals that XRP’s price has risen 8%, which is phenomenal considering the bearish market trends around altcoins.  

Traders will be exhilarated to know that XRP is finally stuck at a reasonable resistance point between $2.58 and $2.73.   

The market was dull for a long time. But XRP could finally recover past its February low of $2.79. The market might not be bullish right now.  

But if XRP’s trends were to be trusted, then the coin would rise from a resistance to a support level. The stats from the last 7 days’ trading volume and price point suggest that.  

Moreover, XRP’s price could climb towards a $3 point.  

The Effect of the Bearish Market  

The market is, however, very unforgiving. There are 40,000 new altcoins and meme coins in the market in January itself. The trend equally follows in February, too.  

Moreover, the 3-day chart of XRP seems less optimistic than its 7-day chart. Amidst this bearish streak, the price point of XRP falling below $2.58 would be no wonder at all.  

Traders may rust their instincts. They might be wishful around a shirt rem gain streak, too. But the market’s situation cannot be ignored right now. So, traders must be mindful when they are investing their funds in XRP.  

Going Forward 

It is better to stay away from direct investment into altcoins now, especially XRP. The odds of getting a spot ETF approval for XRP in 2025 are still high. So wait and watch.