XRP Price Prediction Feb 25: Analyst Says $3 Breakout Possible

• Analyst Dark Defender said that if XRP soars above $2.77, the rally will continue. 
• The US SEC recently acknowledged the spot XRP ETF filing from CoinShares via Nasdaq. 
• Investors could see a rapid movement towards $2.85 and $3 if XRP soars above $2.77.

XRP is nearing a significant breakout level, which could put the cryptocurrency on the path to the $3 price tag potentially by February 25th. 

While the digital asset currently trades below the $2.50 price level, down around 4% in the past day, XRP could soar to a new all-time high as the SEC is very close to approving a spot XRP exchange-traded fund (ETF).

Spot XRP ETFs Could Fuel Price Surge to $3

The SEC has acknowledged another spot XRP ETF filing from CoinShares via Nasdaq, marking the fourth spot ETF acknowledgment following Grayscale, 21Shares, and Bitwise. 

Additionally, WisdomTree and Canary Capital have their ETF applications in process. Meanwhile, Brazil’s Comissão de Valores Mobiliários has approved the nation’s first spot XRP ETF through the Hashdex Nasdaq XRP Index Fund, although it is not yet live for trading.

A high number of XRP-related investment products could result in higher investment demand, better liquidity, and safer ways of investment for market participants. XRP price action could benefit substantially from such a product, potentially driving it towards the $3 mark by February 25th.

Related: Ripple CTO Debunks XRP vs Bitcoin Supply Debate: Calls Out Misleading Comparisons

Analyst: $2.60 Key for XRP Bullish Momentum 

XRP Price Analysis

According to a post on X (formerly Twitter), crypto analyst Dark Defender identifies $2.6052 as a critical price point that could dictate XRP’s next bullish leg leading up to February 25th. He suggests that if XRP can hold above $2.6052, and crucially, above $2.77, the second phase of a bullish weekly structure could begin, potentially setting the stage for a move towards $3.

The price is currently consolidating near the $2.60 resistance zone. Should XRP break through and maintain levels above this point, a rapid move towards $2.85 and potentially higher levels in the short term could materialize, with a realistic chance of reaching or surpassing $3 by February 25th. 

However, failure to overcome $2.60 resistance could trigger a pullback to the $2.33 support area, as indicated on Dark Defender’s chart. 

Mixed Technical Signals for XRP as February 25th Approaches

Adding to the technical picture, the Relative Strength Index (RSI) currently reads 42.84, below the neutral 50 mark, but trending upward. A move above 48.07 could signal growing buying momentum as February 25th nears. 

Conversely, Bollinger Bands (BB) suggest XRP is trading near the middle band, indicating a period of consolidation and the possibility of increased volatility around the projected February 25th timeframe.

Related: XRP Weekend Price Alert: Will $3 Resistance Break This Time?
The upper Bollinger Band is currently around $2.81, and the lower band near $2.27. A breakout above the middle band could initiate an upward price movement, while a breakdown might lead to further testing of lower levels, reinforcing the significance of the February 25th period for potential price shifts, confirms the TradingView chart.