The XRP cryptocurrency is currently trading within a range-bound market, moving between key support and resistance levels. It is attempting to break above the $2.40 level, showing some upward momentum but not significant enough to impact the larger trend. The primary support zone is between $1.95 and $2.35, and if the price stays above $1.95, higher prices are possible. However, there is a chance of retesting this support area before a clear upward trend emerges. The market remains uncertain, and breaking below $1.95 would indicate that the previous low may not be the true bottom. Conversely, breaking above $2.70 would confirm a larger rally is coming. The long-term support area for XRP is between $1.20 and $2.10, and while the price has dipped into this region, it is currently moving back up. Until XRP breaks above the all-time high at $3.40, there is a possibility of a potential fourth-wave extension. XRP may continue to range between $1.20 and $4.20 for some time, although an impulsive rally could push it towards targets of $4.20, $5, and $6.60. These levels, however, require further confirmation through price movement.
Content Editor ( coinpedia.org )
- 2025-02-08
XRP Price Prediction For February 8
