Key Notes

Key Notes:

XRP price is already in a macro bull run, which began after the re-election of US President Donald Trump.The imminent XRP rally is well bolstered by Ripple Labs’ initiative to enhance global cross-border payments.

Since December 2024, XRP XRP $2.58 24h volatility: 1.5% Market cap: $149.51 B Vol. 24h: $2.20 B , the native coin for the XRPL network, has been trapped in a consolidation pattern between the 2018 and 2021 all-time highs (ATH) around $3.4 and $2 respectively. The large-cap altcoin, with a fully diluted valuation of about $243 billion and a 24-hour average trading volume of about $4.8 billion, has been approaching a crucial resistance level of around $2.6, which will determine its short-term fate.

In the past 24 hours, XRP price gained around 3 percent to trade at about $2.44 on Thursday, February 14, during the mid-London session. As a result, around $6.4 million was liquidated from XRP’s leverage market, mostly involving long traders.

The XRPL network has significantly benefited from Ripple Labs’ initiatives in the past few years. Moreover, the Ripple team has been fighting for XRP to be classified as a commodity akin to Bitcoin BTC $96 656 24h volatility: 1.2% Market cap: $1.92 T Vol. 24h: $18.59 B and Ethereum ETH $2 770 24h volatility: 4.6% Market cap: $333.84 B Vol. 24h: $18.34 B and not a security.

The Donald Trump administration has set the momentum right to provide clear crypto regulations. Already, Binance Holdings Ltd and the US SEC recently filed a joint motion to pause the ongoing case for 60 days. As a result, the ongoing Ripple case on XRP sales is likely to be dropped in the near future.

Earlier today, Fox Business reported that the CFTC and US SEC are planning to reopen discussions on how to effectively implement crypto regulations.

Meanwhile, the XRPL network has recorded a significant increase in on-chain activities fueled by institutional investors. Moreover, several investment firms led by Grayscale Investments, Bitwise, WielsdomTree, Canary Capital, and 21Shares have all filed with the US SEC to list and offer spot XRP ETFs.

From a technical analysis standpoint, XRP price has been in a macro bull rally since the re-election of US President Donald Trump. As with the rest of the altcoins, XRP price signaled the onset of the much-anticipated bull rally in 2025.

According to crypto analyst Ali Martinez, the XRP price has already broken out of a multi-year symmetrical triangular pattern. The recent pump beyond $2 confirmed the beginning of a new parabolic rally toward a new all-time high in the near future.

If this is a symmetrical triangle, $XRP has broken out and is targeting $15! pic.twitter.com/ppJTuRbbp7

— Ali (@ali_charts) February 13, 2025

As a result, the crypto analyst has set a target of $15 for XRP in the near future, whereby the target coincides with the 1.618 weekly Fibonacci. The bullish sentiment is also bolstered by the Elliott wave theory, which suggests that the XRP price is currently in the first major correction before entering the third wave.

Meanwhile, the short-term bearish sentiment could push XRP price towards the lower border of around $1.98 in case the buyers fail to push through $2.6.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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