XRP Price Analysis: Volume Drops Significantly Near Critical Level – Could $2.40 Establish a New Support?

XRP trades at $2.72 on February 16, 2025, consolidating near resistance as traders weigh bullish momentum against fading volume signals. The 1-hour XRP/USDC chart for Binance shows a recent high of $2.837 followed by consolidation, with lower highs suggesting weakening upward momentum. Immediate support rests at $2.70; a breach could trigger a drop toward $2.60. Declining volume hints at a potential pullback before renewed bullish attempts. Traders eye $2.75 as a key reclaim level for short-term entries, targeting $2.85 resistance. A stop-loss below $2.65 is advised to mitigate downside risks amid unstable price action.



XRP/USDC via Binance on February 16, 2025 – 1 hour chart.
On the 4-hour timeframe, XRP faces resistance at $2.80–$2.85 after peaking at $2.837 and pulling back. The $2.55–$2.60 zone remains critical support, tested repeatedly without failure. Declining volume signals cooling momentum, but holding above $2.65–$2.70 could sustain uptrend prospects. Traders may consider entries here for a push toward $3.00, though a break below $2.55 would invalidate bullish setups and risk deeper corrections.



XRP/USDC via Binance on February 16, 2025 – 4 hour chart.
The daily chart reveals XRP’s recovery from a $1.783 low to $2.75–$2.80, though resistance near $2.85–$3.00 caps gains. Volume surged during the prior sell-off but remained subdued during the rebound, raising questions about conviction. A breakout above $2.85 with strong volume could target the $3.40 peak, while failure risks a retest of $2.40 support. Swing traders watch $2.60 dips for accumulation opportunities, aligning with broader bullish sentiment.



XRP/USDC via Binance on February 16, 2025 – 1-day chart.
Key oscillators signal caution: the relative strength index (14) (RSI) at 52.99 and Stochastic at 82.44 remain neutral, while the commodity channel index (20) (CCI) at 28.75 and average directional index (14) (ADX) at 31.69 underscore indecision. The momentum (10) oscillator (0.39) and moving average convergence divergence (MACD) (-0.03) lean bullish, but the awesome oscillator (-0.19) reflects neutral pressure. Traders should balance these mixed signals with price action.
Exponential moving averages (EMAs) and simple moving averages (SMAs) across 10–200 periods largely signal positivity, led by the EMA (10) at $2.61 and SMA (10) at $2.53. The SMA (30) at $2.80 is the lone sell outlier, highlighting near-term resistance. Long-term averages like the EMA (200) ($1.71) and SMA (200) ($1.40) reinforce a bullish structure. Alignment below current prices suggests broad support, though the SMA (30) divergence warrants vigilance.
Bull Verdict: XRP’s bullish case hinges on its resilience above $2.70, supported by a cluster of bullish signals from exponential and simple moving averages (EMA/SMA) and recovering price action since the $1.783 low. A decisive breakout above $2.85 with surging volume could ignite a rally toward $3.40, aligning with swing trader accumulation zones at $2.60. Momentum (10) and moving average convergence divergence (MACD) indicators bolster optimism, while long-term EMAs (200) at $1.71 confirm structural strength.
Bear Verdict: The bearish threat looms if XRP fails to hold $2.55–$2.60, risking a plunge toward $2.40 or lower. Neutral oscillators like the relative strength index (RSI) (52.99) and stochastic %k (82.44) reflect fading momentum while declining volume during the rebound signals weak conviction. Resistance at $2.85–$3.00 remains formidable, and the lone sell signal from the simple moving average (30) (SMA 30) at $2.80 underscores vulnerability. A breakdown here could validate bears and retest 2025 lows.