As Bitcoin Climbs, XRP Joins the Rally and Surges Past $1.46

▲ Bitcoin (BTC), XRP / ChatGPT-generated image ©

Amid a powerful rally sweeping across the broader cryptocurrency market, XRP (Ripple) has surged past the $1.46 mark in a sharp breakout, fueled by capital rotation into altcoins and positive sentiment on social media.

According to CoinMarketCap on February 25 (local time), XRP jumped 7.96% over the past 24 hours to trade at $1.46, leading the broader crypto market’s overall market capitalization gain of 6.95%. During the same period, Bitcoin (BTC) also climbed 7.14%, suggesting that XRP’s surge reflects a strong beta move driven more by macro risk-on sentiment across the market rather than asset-specific news.

Behind the sharp rise lies capital rotation into altcoins and the bullish social sentiment typical of an uptrend. With major altcoins such as Polkadot and Aptos soaring 26.22% and 22.31%, respectively, capital has been flowing across the sector. Positive sentiment surrounding Ripple’s potential use in the banking sector and growth of its ledger has further contributed to XRP’s upward momentum.

From a technical perspective, XRP is currently facing resistance at $1.47, a recent swing high and pivot point. The key short-term support level stands at $1.44, aligned with the 23.6% Fibonacci retracement level. However, the 14-day Relative Strength Index (RSI) has reached 83.59, indicating overbought conditions and raising the possibility of a healthy pullback or price consolidation.

While the market maintains overall bullish momentum, signs of overheating suggest a risk of profit-taking and potential retracement. A confirmed breakout with a daily close above $1.47 could open the door for further gains. Conversely, a drop below $1.44 may trigger a sharp correction toward the $1.41 support level.

Ultimately, XRP’s current rally is the product of the broader market surge, altcoin rotation, and heightened investor expectations. Whether the overbought RSI can sustain stable price consolidation above $1.44 or instead trigger a short-term correction will be the key factor determining the next direction.

Disclaimer: This article is for investment reference purposes only, and we are not responsible for any investment losses resulting from decisions based on this content. The information provided should be interpreted solely for informational purposes.