CandleFocus What to Expect from XRP Price in February 2025
2025-01-30
Author: Content Editor
The article discusses the recent performance of XRP and suggests that a downside breakout may be looming in the coming weeks. XRP reached an all-time high of $3.41 on January 16 but has been rangebound since then. The market value to realized value (MVRV) ratios indicate that XRP may be overvalued, potentially prompting holders to sell for profit. XRP whales, who hold between 10 million and 100 million tokens, have been reducing their holdings, which could contribute to downward pressure on the price. If profit-taking continues, XRP's price may decline below $3, but if accumulation resumes, the token's price could surpass previous resistance levels and reach new highs.
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