• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

XRP Drops Below $2: Recovery Forecasts and Key Levels

user avatar

by A1

2 hours ago


The value of XRP sharply declined to $1.76 before rebounding above $2. Analysts discuss the reasons behind this drop and the potential for future growth.

Reasons for the Sharp XRP Decline

XRP experienced a significant drop, falling below $3 for the first time since mid-January, touching $1.76. This was part of a broader crypto market collapse with liquidations exceeding $2.2 billion, marking the worst downturn since the collapse of FTX. The primary cause was fears of a trade war following the announcement of high U.S. tariffs on Mexico, Canada, and China.

Analytical Forecasts for XRP

Market analyst EGRAG predicted a possible 40% drop, citing a bearish 'shooting star' candlestick pattern on the monthly chart. His prediction came true, but now he believes XRP could target $3 again. EGRAG's analysis suggests a bounce off a key support trendline, reinforcing a potential bullish reversal.

Key Levels for XRP Recovery

Analyst Anbessa believes XRP is in consolidation mode. Mid-range support is holding, signaling potential stability. A break above $2.45 could trigger a move towards $3. Currently, XRP trades at $2.34 with decreased volatility. The return of buying activity could give bulls a chance to push the price toward $3.

Despite the sharp drop, XRP shows resilience as it consolidates above $2.30. Analysts believe a move toward $3 is possible with the return of buying pressure.

0

Share

Other news

ADA, PEPE, and BeerBear: Examining Three High-Potential Cryptocurrencies

Exploring the prospects for ADA and PEPE, and the growth opportunities for the new BeerBear token.

user avatarA1

21 minutes ago

Qubetics, Theta, and XRP: Innovations in the Crypto Space

Discover three leading crypto projects: Qubetics, Theta, and XRP, offering innovations and opportunities for short-term investments.

user avatarA1

24 minutes ago

Meme Coins: Arctic Pablo Coin, Popcat, and SPX6900 Attract Investors' Attention

Meme coins Arctic Pablo Coin, Popcat, and SPX6900 are gaining popularity due to their unique features and growth potential.

user avatarA1

28 minutes ago

Crypto Market and February 3rd Gainers: $GRIFT, $ALPHA, and $DF

Cryptocurrency leaders $GRIFT, $ALPHA, and $DF show significant growth on February 3rd, according to Phoenix Group data.

user avatarA1

30 minutes ago

Will the Crypto Market Bounce Back Soon? Expert Opinions

Recent market fluctuations have raised concerns among traders. Richard Teng of Binance believes it's a temporary phase.

user avatarA1

31 minutes ago

1inch Buys Ethereum and Wrapped Bitcoin for $25.44M: Strategy and Prospects

1inch Fund conducted $25.44M transactions with major purchases of Ethereum and Wrapped Bitcoin, despite market volatility.

user avatarA1

an hour ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.