TLDR
- XRP climbed more than 9% in a 24-hour period, currently hovering around $1.46 following a bounce from the $1.30 support zone
- Large-scale whale buying activity is surging, with on-chain metrics showing buy orders dominating sell pressure
- Critical resistance barriers are positioned at $1.49–$1.52, followed by $1.68, before any potential rally toward the $2 threshold
- Short positions above current levels could trigger a squeeze scenario, with some market watchers targeting $4.20
- SBI Ripple Asia partnered with DSRV Labs to explore XRP Ledger applications for Japan-Korea cross-border payment solutions
XRP has staged an impressive recovery with a nearly 9% surge from its recent bottom, now changing hands around $1.46 after successfully defending the $1.30 support area. This upward movement coincides with renewed strength across the cryptocurrency sector, as Bitcoin reclaimed ground above $68,000 and the overall digital asset market capitalization expanded beyond 5% to approximately $2.37 trillion.

Market analyst Cypress Demanincor identified $1.3475 as a crucial daily support level three days prior when XRP was trading at $1.34. According to his analysis, maintaining strength above this threshold could shift market sentiment in favor of buyers. His projected upside targets ranged from $1.45 to $1.99, with XRP now touching the bottom portion of that forecast.
In subsequent commentary, Demanincor outlined the critical price levels ahead. Maintaining support above $1.40 positions the $1.49–$1.52 range as the immediate obstacle. Successfully penetrating this zone would set up a challenge of the $1.68 resistance wall. Breaking through $1.68 would bring the psychologically significant $2 level back into focus.
Should bullish momentum weaken, the $1.40 mark becomes the crucial line in the sand. Losing this support could see XRP retreat toward $1.35.
$1.50 Is the Level to Watch
Market commentator CryptoInsightUK reinforced the significance of the $1.50 threshold, emphasizing the need for a decisive daily close above this price point to validate sustained bullish momentum. He observed that the current recovery appears organic and not artificially inflated by leverage or market manipulation tactics.
From a technical analysis perspective, XRP successfully breached a descending trend line with resistance positioned at $1.3820 on the hourly timeframe. Price action extended to a peak of $1.4936 before entering a consolidation phase. The asset is currently positioned above its 100-hour Simple Moving Average. The MACD indicator has generated a bullish crossover signal, while the RSI is climbing toward 70 without entering extreme overbought conditions.
XRP’s trading volume expanded by 26.69% over 24 hours to reach $3.53 billion, indicating heightened trader engagement.
Whale Activity and Short Squeeze Setup
Blockchain analytics reveal a significant uptick in large-scale accumulation patterns. The Cumulative Volume Delta metric demonstrates that buy orders have been persistently outpacing sell orders. Market analyst CW characterized this behavior as aggressive whale-driven accumulation.
Liquidity mapping presented by analyst Bird indicates that most downside liquidity pockets have already been cleared. Above the current trading range, the market structure is heavily weighted with short positions. Should XRP maintain its upward trajectory, these short sellers would be forced to cover their positions at elevated prices, creating additional buying pressure. Bird identifies the potential for a short squeeze scenario that could propel XRP toward the $4.20 level.
On the institutional development front, SBI Ripple Asia and South Korea’s DSRV Labs revealed a strategic research partnership on February 24 to evaluate XRP Ledger technology for facilitating cross-border payment infrastructure between Japan and Korea.
XRP is presently trading near $1.46, with the $1.49–$1.52 zone representing the next critical resistance barrier to overcome.





