xrp-usd
Skerdian Meta•Saturday, February 22, 2025•2 min read
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The crypto market has been uncertain in the last two weeks, with Ripple (XRP), Bitcoin and Ethereum trading in a tightening range, which points to a breakout soon.
The cryptocurrency market went through a crash about three weeks ago, with Ethereum and Ripple coins losing around 50% of the value, as the financial market trembled after the release of DeepSeek. They recovered somewhat, but couldn’t exactly continue the bullish trend of the end of 2024 and have been consolidating in a range. There are many uncertainties right now for all financial markets, including the crypto market, but soon we will see a move in either direction.
XRP Struggles to Break Key Resistance
After crashing to $1.76 in early February, XRP managed to recover close to $2, but it has yet to reclaim the $3 level. The 50-day Simple Moving Average (SMA) has acted as a strong resistance, rejecting the price twice.
At the end of last week, a 15% surge was fueled by increased whale activity, briefly pushing XRP above the 50SMA. However, buyers failed to sustain momentum, and an inverted hammer candlestick—a bearish reversal signal—triggered a decline below $2.50. Despite this pullback, buyers stepped in again, lifting the price higher. With XRP sticking to the upper half of the $2–$3 range, the formation of higher lows suggests an imminent breakout to the upside.
Bitcoin Consolidates Below $100K Despite ETF Growth
Bitcoin (BTC) has been trading within a range throughout February, struggling to break past $100K for nearly three weeks. Despite massive inflows into Bitcoin ETFs, which are approaching $5 billion this year and could hit $50 billion by year-end, buyers remain hesitant to push BTC beyond this psychological barrier.
Meanwhile, the SEC’s removal of SAB 121 has strengthened Bitcoin’s institutional adoption, allowing banks to offer crypto custody services. BTC has established a solid support zone at $90,000, with the 100-day SMA (green) reinforcing this level. The formation of higher lows signals increasing buying pressure, but for Bitcoin to regain bullish momentum, it must break above the 50-day SMA (yellow) just below $100K. A successful breakout could pave the way for a fresh record high above $110K.
Bitcoin Live Chart
BTC
Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank’s local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
