{"id":3139,"date":"2025-02-24T06:00:26","date_gmt":"2025-02-24T06:00:26","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/xrp-price-holds-above-2-47-but-bulls-struggle-to-gain-control\/"},"modified":"2025-02-24T06:00:26","modified_gmt":"2025-02-24T06:00:26","slug":"xrp-price-holds-above-2-47-but-bulls-struggle-to-gain-control","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/xrp-price-holds-above-2-47-but-bulls-struggle-to-gain-control\/","title":{"rendered":"XRP Price Holds Above $2.47, But Bulls Struggle To Gain Control"},"content":{"rendered":"

The XRP market experienced a rather turbulent trading week resulting in a net loss of 7.22%. While the altcoin has shown some stability over the past day, there is no indication of price recovery. Amid these developments, X digital asset analysis handle More Crypto Online has shared some market updates highlighting important price levels for the XRP market.<\/p>\n

XRP Bulls Await Breakout Confirmation As Market Remains Neutral<\/strong><\/h2>\n

In a new X post<\/a> on February 22, More Crypto Online provides an intriguing XRP price analysis identifying the needed conditions for a bullish or bearish development. According to these analysts, XRP is currently in neutral consolidation range indicating neither bulls nor bears are welding market control.<\/p>\n

Based on the Elliot Wave Theory, it is understood the altcoin is holding well above the critical price of $2.47 which allows a bullish orange scenario to remain viable. XRP enthusiasts must avoid any decisive price fall below this support level which could activate a yellow bearish scenario.<\/p>\n

\"XRP\"<\/p>\n

In this case, XRP could slide into a downtrend with potential support levels identified at $2.34, $2.22, $2.11, and $1.95. On the other hand, aside from staying above $2.47,\u00a0 More Crypto Online states that market bulls must force a price surge above the $2.75 resistance zone to confirm any bullish breakout. Thereafter, XRP could surge to above $3.30.<\/p>\n

Interestingly, fellow analyst Egrag Crypto presents a higher validation point for the XRP bullish case, stating a monthly close above $3.00 is needed to show sufficient buying pressure for a sustained uptrend. As reported by NewsBTC, this development would pave the way for a new all-time high of around $6.00.<\/p>\n

XRP Market Overview: Time To Hodl?<\/strong><\/h2>\n

At press time, XRP trades at $2.56 reflecting a 0.84% in the past day. Meanwhile, the altcoin’s monthly losses have now increased to 16.18%. XRP has failed to struggle to regain its bullish form from November 2024 due to multiple factors including widespread market uncertainty.<\/p>\n

However, growing potential of XRP Spot ETF amidst strong investor confidence in the new US administration’s pro-crypto approach.<\/p>\n

Interestingly, this policy change has shown significant rewards as the US Securities and Exchange Commission (SEC) abruptly withdrew its lawsuit against Coinbase Exchange. If a similar development occurs in the Commission’s case against Ripple, it could translate into a major bullish driver for the XRP market.<\/p>\n

\"XRP\"<\/p>\n","protected":false},"excerpt":{"rendered":"

The XRP market experienced a rather turbulent trading week resulting in a net loss of 7.22%. While the altcoin has shown some stability over the past day, there is no indication of price recovery. Amid these developments, X digital asset analysis handle More Crypto Online has shared some market updates highlighting important price levels for…<\/p>\n","protected":false},"author":1,"featured_media":3140,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[140],"tags":[1272,148,1751,1752,151,152],"class_list":["post-3139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-elliot-wave-theory","tag-xrp","tag-xrp-bullish-breakout","tag-xrp-neutral-zone","tag-xrpusd","tag-xrpusdt"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/3139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=3139"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/3139\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/3140"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=3139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=3139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=3139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}