Rocket Pool (RPL) Price Hits 3-Month High Ahead of Fee Switch as Bullish Crossover Adds Fuel to Breakout

RPL, the native token of the decentralized Ethereum staking project Rocket Pool, has surged 55% over the last 24 hours. As a result of the move, the Rocket Pool price ripped to a three-month high near $3.38.

This happened after it spent weeks trapped below $2. According to CCN’s findings, the breakout occurred due to anticipation of the protocol’s most significant economic upgrade to date.

Here are all the details and what else to expect from RPL’s price.

Why Is Rocket Pool Price Up?

At the time of writing, the Saturn One upgrade, set to go live on Feb. 18, is one of the major reasons Rocket Pool’s price broke out.

For the first time, Rocket Pool will activate its long-awaited “fee switch.” This will transform RPL from a primarily inflationary incentive token into a revenue-accruing asset.

In addition, stakers will begin earning a direct share of protocol ETH revenue, fundamentally shifting RPL’s value proposition.

Later this year, new token issuance is expected to phase out entirely, meaning rewards would come from fees rather than inflation.

Saturn One also reduces the validator entry requirement from 8 ETH to 4 ETH. That change is expected to accelerate node onboarding and increase demand for RPL as collateral, tightening circulating supply at a time of rising speculation.

Altcoin Breaches Key Resistance

Following the move, the Rocket Pool price broke above the upper trendline of a symmetrical triangle on the 4-hour chart.

As seen below, this invalidated its prior downtrend structure. Furthermore, the RPL price breakout candle cleared the descending resistance and horizontal resistance around $2.31, printing a vertical move toward the $3.10 area.

However, the current pullback toward $2.70 appears to be a natural retracement after a vertical move. Therefore, as long as the price holds above the former breakout level near $2.35, the structure remains bullish on this timeframe.

To support this bias, the Moving Average Convergence Divergence (MACD) confirms the shift in momentum with a strong bullish crossover supporting continuation potential.

However, because the move was so sharp, short-term volatility is likely to be high. A healthy scenario would be consolidation above $2.30, followed by a higher low and another attempt at $3.10.

On the contrary, if Rocket Pool’s price falls $2.30, especially back below $1.85, the breakout would start to fade.

High Network Activity Backs the Trend

From an on-chain perspective, Rocket Pool has seen a spike in its 24-hour active addresses.

That spike in network activity is not marginal. It’s a clear outlier relative to the prior weeks. When price and active addresses expand together, that usually signals genuine participation.

Earlier in the downtrend, active addresses were relatively muted and drifting lower with price. The current surge shows fresh engagement entering the network right as the price breaks the structure.

Thus, this strengthens the probability that this Rocket Pool price rally might extend beyond today.

However, vertical candles combined with a parabolic rise in active addresses can also mark short-term exhaustion zones.

If active addresses collapse in the next few days while price stalls under $3.00, the breakout could fade.

But as it stands, if network activity remains elevated and RPL price consolidates above $2.40, a breakout to $4 could be next.

RPL Price Prediction: Is $4 Next?

Going forward, CCN observed that RPL’s price has broken out of a long-term descending channel that has been in place since the prior macro top.

The structure shows a series of lower highs and lower lows, with the altcoin price compressing toward the lower boundary near $1.30.

Furthermore, the breakout candle is significant because it comes directly off the channel support and pushes the price back above the 0.236 Fibonacci level at $3.39, as seen in the higher-timeframe structure.

Even though RPL’s price is currently around $2.60 after some pullback, the key technical event is the break of the channel’s upper boundary, which shifts the structure to a potential accumulation-to-reversal phase.

In addition, the Awesome Oscillator (AO) has flipped positive, suggesting bullish momentum. Likewise, the Relative Strength Index (RSI) has moved into the 70s, indicating strength.

The important area to monitor now is the former breakdown zone around $2.30. If RPL’s price consolidates above that region and prints higher lows, this becomes a confirmed channel breakout with room toward 3.39.

In a highly bullish scenario, the market value could reach $4.64.

However, with the upgrade hours away, the market could enter a  “buy the rumor, sell the news” territory.

A smooth rollout and strong early fee metrics could pave the way for a move toward the $5.65 resistance zone.

Conversely, any delays or post-activation profit-taking could trigger a retracement below $2.

About the Author

Victor Olanrewaju

Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.

With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.

He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.

In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.

At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.

He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.

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