Crypto analyst CrediBULL Crypto has provided an update on XRP’s price action, highlighting key developments in its recent movement.
XRP’s Strength vs. Bitcoin’s Lack of Momentum
CrediBULL Crypto noted a divergence between XRP and Bitcoin in his February 14 tweet. XRP has pushed towards its range highs, but BTC has not yet made a move to the $100,000 level. This led him to question whether XRP’s performance was a sign of strength or if BTC’s lack of movement indicated underlying weakness.
Market Implications and Key Levels to Watch
The latest reaction at the supply zone suggests that XRP may face a correction. The analyst identified $2.20 and $1.77 as support levels, aligning with the broader market structure where corrections are expected within a bullish trend.
Future Prospects for the Crypto Market
For now, XRP traders should watch the key levels mentioned and monitor Bitcoin’s price action for additional clues on market direction.
Despite potential corrections, the analyst remains confident in the long-term upward market trend. Investors should consider recommendations and look for additional signals from Bitcoin in the coming days.
