While many cryptocurrencies are experiencing declines, XRP is showing signs of strength. According to crypto trader Armando Pantoja, XRP is making higher lows as other tokens fall, and this signals a bullish trend slowly building up.
The market is attempting to recover from the recent downturn caused by tariff threats from the Trump administration, and the pattern on XRP’s chart suggests buyers are stepping in at higher price levels. This move prevents the asset from falling further and indicates growing confidence in the digital asset’s future price movement.
$XRP is showing incredible STRENGTH!
While other coins drop, XRP makes higher lows—sign of a BULLISH trend.
Could retest support at $2.28, but If it breaks, next stop is the solid $4 then not to $8 This could be the lift-off we've been waiting for pic.twitter.com/N5AMSwO5bU
— Armando Pantoja (@_TallGuyTycoon) February 13, 2025
Support and Resistance Levels
At the time of Pantoja’s analysis, XRP traded around $2.37, with support near $2.28. The analysis suggested that if this support holds, the asset could see further upward movement.
Pantoja noted that a lack of momentum could send the asset down to $2.28, but it has since climbed to $2.45, confirming the break above the support. Now, it could be aiming for higher targets.
One potential target highlighted by Pantoja is the $4 level, a key level. Reaching $4 would confirm a breakout above the digital asset’s all-time high of $3.84, which it achieved in January 2018. If bullish momentum continues beyond $4, the next potential price target could be as high as $8—more than double the digital asset’s all-time high.
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Technical Indicators and Chart Analysis
The provided chart highlights a series of higher lows, confirming an uptrend. The yellow trend lines illustrate a breakout from a consolidation phase, followed by a retest of the previous resistance, which has now become support. This price action suggests a bullish continuation pattern.
Notably, XRP has recently seen an influx of bulls, propping up the asset while the broader market struggles. This strong buying pressure reinforces the likelihood of further gains if market conditions remain favorable.
What’s Next for XRP?
XRP’s strength may attract more investors looking for assets that hold value during market corrections. However, traders should remain cautious of potential risks, including sudden market reversals, regulatory developments, and overall crypto market trends.
While a failure to hold key support levels could also lead to a breakdown in the current bullish structure, XRP has risen over 1.2% from yesterday and is already well above this support level.
If momentum continues, XRP could aim for even higher levels in the coming weeks. In early 2024, a prominent crypto analyst predicted that XRP would hit $15 by March 10, and this resilience could be the start of the run to this lofty target.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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