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• XRP’s price action remained under pressure, indicating strong sell-side momentum. • Will whales step in, or is there more downside ahead? $XRP surged 8% this week, with a 40% jump in daily volume as whales snapped up the $2.40 dip. The bulls are hungry, but can XRP break through to $3, or is a pullback on the horizon to shake out those weak hands before the real rally begins? The next move could be huge – watch closely. Bitcoin Dominance Rebounds Active accounts on the XRP Ledger have dropped a staggering 76% from election levels, when it peaked at 109K. This sharp decline points to massive profit-taking as weak hands exit the cycle after cashing in on XRP’s rise to $3.40. Despite this, XRP’s price chart is showing signs of fresh accumulation at the crucial $2.40 support, with whales snapping up 60 million XRP in just 24 hours. This could be the early stages of a rally back to $3, much like we’ve seen in previous cycles. However, the bearish pressure remains strong. Three straight red candlesticks on the 1D chart signal ongoing sell-side pressure, and the drop in active addresses adds to the bearish case. Source: TradingView (XRP/USDT) This shift is also reflected in the XRP/BTC pair, which, after a ten-day rally, is now cooling off. The recent 8% surge in XRP seems to be the result of capital flowing out of $BTC into altcoins – a classic move as investors rebalance their portfolios. However, Bitcoin dominance (BTC.D) just surged 1.01%, pushing near 61.20%. With this rise, it looks like Bitcoin might be reclaiming its position as the market’s focal point.

With $BTC BTC and $ETH ETH ETFs gaining traction$SOL SOL and $XRP XRP are top contenders for the next approval. Will regulators open the door to more crypto ETFs soon?

XRP Price Prediction for February 18 Ripple’s XRP is currently down over two percent and levels below $2.70. However, over the past seven days, XRP has gained over 8%. XRP is currently testing a previous resistance zone between $2.58 and $2.73. After a significant rally from the February low, thtestinge price barely broke through the $2.79 level. This is an important area to watch, as if XRP can turn this resistance into support, it will signal potential further gains. However, the price is still in the testing phase and has not yet confirmed this as a reliable support level. Key Support and Resistance Levels If the price fails to hold this level and closes below $2.58 on the daily chart, the breakout attempt will be considered a failure. In this case, XRP may fall back to the next important support zone between $2.25 and $2.30, which has previously been a significant support.  There is additional support available below this level, but these levels need to be closely monitored. The next major resistance is at $2.79, and if broken, it could signal a potential continuation move towards $3. However, as long as XRP remains below $2.79, the price action is likely to remain under downward pressure. Bearish Divergence There is currently a larger bearish divergence on the daily chart, which is also visible on the 3-day chart. This bearish divergence is still in play, and if XRP breaks below $2.58, it is likely to continue, causing the price to pull back towards the next support area. Short-Term Pullback The recent short-term pullback in XRP price can be attributed to this bearish divergence.  Since the price was making higher highs while the RSI was making lower highs, a bearish divergence was formed. This usually results in a pullback or sideways price action. $XRP

Why is the crypto market down today? The cryptocurrency market is flashing red today, with the total market capitalization dropping by 2% to about $3.13 trillion on Feb. 18. While the crypto market is known for its volatility, several concrete factors have contributed to this latest dip, including: Liquidations across the crypto market pulling down crypto prices. Investors are in risk-off mode amid high outflows from crypto investment products. Weakening market technicals hint at further downside. Solana leads market slump Today’s crypto market decline is part of a correction that started on Feb. 15, when the Argentina President Javier Milei-endorsed LIBRA token was “rug-pulled,” causing a loss of investor funds.  The sell-off continues on Feb. 18, including: Solana leads the market downturn, 9% over the last 24 hours to trade just below $170. Bitcoin and Ether posted moderate losses, down 0.5% and 2%, respectively. Other top-cap cryptocurrencies such as XRP , Dogecoin , and Bina Chain’s are also down 3.3%, 4% and 2%, respectively. Compounding the issue are the significant liquidations in the crypto market.  The sell-off has triggered a cascade of leveraged position closures, with over $280 million in crypto liquidations recorded over the last 24 hours.   Long SOL leveraged positions totaling $29.75 million were also liquidated on the day.  This exceeds the $21.4 million in long BTC leveraged position liquidations. Over 128,350 traders were liquidated in the past day, with the largest single liquidations taking place on HTX involving an ETH/USDT trade worth $2.65 million. A predominance of long liquidations suggests that the crypto market was overleveraged on the bullish side. Investors de-risk from crypto investment funds The crypto market’s ongoing correction aligns with the huge capital flows from the crypto investment products.  Key takeaways: Digital asset investment products ended a 19-week inflow streak to post their first significant outflows totaling $415 million during the week ending Feb. 14, as per CoinShares report. This indicates institutional investors increased their exposure to digital assets. Bitcoin bore the brunt of investor outflows, totaling $430 million. The year-to-date inflows dropped from $7.4 billion previously to $6.9 billion last week. CoinShares head of research James Butterfill attributed this to de-risking sentiment surrounding the latest US Consumer Price Index (CPI) data and “hawkish Fed rhetoric.” “We believe these outflows were triggered by the Congressional meeting with Fed Chair Jerome Powell, who signaled a more hawkish monetary policy stance, coupled with US inflation data exceeding expectations.” Note that: The CPI data for January came in higher than expected. This significantly dampened the expectation for multiple rate cuts in 2025.  The odds of the Fed keeping interest rates unchanged at the March 19 FOMC meetings are now at 97.5%. The earliest possible rate cut is expected in July, but the odds are still at just 44.3%. Crypto market faces stiff resistance Today’s drawdown in crypto prices has seen TOTAL—the combined market capitalization of all cryptocurrencies—is part of a correction that started on Jan. 31, which saw the price flip a key support zone into resistance. Key points to note: TOTAL trades below a key resistance level of $3.3 trillion, where 50-day and 100-day simple moving averages (SMAs) appear to converge. The relative strength index (RSI) has dropped from overbought conditions at 75 on Jan. 17 to the current level at 40.  This suggests that the market conditions still favor the downside. Further, selling could see the crypto market likely drop toward the $3.03 trillion support. Note that this has been a key support for TOTAL since Feb. 6. Contrarily, a resurgence in buying pressure could push the crypto market cap back above the $3.2 trillion mark or higher to confront resistance from $3.3 trillion. According to popular analyst Crypto Zone, ”the crypto market is experiencing a cautious mood,” with the Fear and Greed Index sitting at 35. The analyst added: “This suggests investors are cautious, but it could also present a buying opportunity for those looking to enter the market.” $BTC

🚨 Crypto market slides 4.3%, with the total cap at $3.22T. 📉 $BTC – $94,742 (-1.1%) 📉 $ETH – $2,642 (-3.8%) 📉 $SOL – $163.79 (-8.6%) 📉 $BNB , $XRP , $ADA & $DOGE drop 5-7% Will buyers step in, or is more downside ahead? 🤔