TLDR
- XRP has rallied more than 9% over the past 24 hours, reaching $1.46 after finding solid support around $1.30
- Large wallet holders are actively accumulating, with buy-side pressure dominating sell-side activity based on blockchain analytics
- Critical resistance zones are positioned at $1.49–$1.52 and $1.68 before any potential return to the $2 level
- Short sellers face liquidation risk above current levels, potentially triggering a squeeze that some analysts believe could reach $4.20
- SBI Ripple Asia partnered with DSRV Labs to explore XRP Ledger applications for Japan-Korea cross-border transactions
XRP has staged an impressive comeback, climbing close to 9% from recent bottom levels and currently changing hands around $1.46 after defending critical support near $1.30. This upward move coincides with a wider cryptocurrency market revival, as Bitcoin reclaimed territory above $68,000 while the overall crypto market capitalization increased more than 5% to approximately $2.37 trillion.
Three days prior, market analyst Cypress Demanincor identified $1.3475 as a crucial daily support level when XRP was hovering at $1.34. He indicated that maintaining this price floor could shift market momentum in favor of bullish traders. His projected upside target window ranged from $1.45 to $1.99. XRP has now reached the bottom boundary of that forecast.
In a subsequent market update, Demanincor outlined the critical price points traders should monitor. Provided XRP maintains support above $1.40, the $1.49–$1.52 area represents the immediate challenge. Successfully penetrating this barrier would expose the sell wall positioned at $1.68. Breaking through $1.68 would bring the psychologically important $2 level back into focus.
Should buying momentum weaken, $1.40 emerges as the pivotal support threshold. Losing this level could send XRP back down toward $1.35.
$1.50 Is the Level to Watch
Market analyst CryptoInsightUK reinforced the significance of $1.50, stating his preference to observe a daily candle closure above this mark to validate a substantial upward move. He observed that the current price recovery appears fundamentally sound and doesn’t seem artificially inflated by open interest fluctuations or market manipulation.
From a technical perspective, XRP successfully breached a descending trend line with resistance positioned at $1.3820 on the hourly timeframe. The asset peaked at $1.4936 before entering a consolidation phase. Price action currently remains above the 100-hour Simple Moving Average. The MACD indicator has displayed a bullish signal crossover, while the RSI is climbing toward 70 without entering extreme overbought conditions.
Trading volume for XRP jumped 26.69% during the past 24 hours to reach $3.53 billion, indicating heightened market engagement.
Whale Activity and Short Squeeze Setup
Blockchain analytics reveal a significant increase in large-volume purchasing. The Cumulative Volume Delta metric indicates that buy orders are substantially outweighing sell orders. Analyst CW characterized this movement as aggressive accumulation driven by institutional-size wallets.
Liquidity analysis shared by analyst Bird demonstrates that most lower price targets have already been tested. Above the current trading range, the market displays heavy concentration of short positions. Should XRP maintain its upward trajectory, these short position holders would be forced to cover their positions at elevated prices, creating additional buying pressure. Bird identifies the possibility of a short squeeze scenario that could propel XRP toward $4.20.
Regarding institutional developments, SBI Ripple Asia and South Korea’s DSRV Labs revealed a research partnership on February 24 to evaluate the XRP Ledger’s capabilities for facilitating cross-border payment flows between Japan and Korea.
XRP is presently trading near $1.46, with the $1.49–$1.52 zone representing the next significant resistance barrier to overcome.
