The crypto market took a hit as Trump’s tariff war and Ripple’s massive 400 million XRP unlock, worth about $1.136 billion, sent XRP’s price tumbling. In just 24 hours, XRP dropped by 24.6%, extending its overall decline to over 15% amid the broader market crash.
A top analyst now warns that XRP could fall further to $1.90.
XRP’s sharp drop raises concerns about its typical February performance. According to Cryptorank data, XRP has averaged a -3.00% return in February, finishing in the green only four times since 2014.
Its best performance came in 2022 with a 26.3% gain, but overall, February has been a tough month for the token. This trend suggests more volatility ahead.
Despite the bearish trend, some analysts remain hopeful. XRP’s recovery could be supported by key price levels, speculation about an XRP ETF approval in 2025, the long-awaited resolution of the Ripple vs. SEC case, and a possible IPO launch.
Crypto analyst EGRAG CRYPTO warns that XRP could drop further to $2.30, with $1.90 as a crucial support level. He points to the 21-day Exponential Moving Average (EMA) as an important indicator in the current downturn. While the outlook is bearish, he also suggests that this dip could be a buying opportunity.
Not all analysts are optimistic. Crypto expert Ali Martinez believes XRP could fall further, citing the TD Sequential indicator, which signaled a sell-off over a week ago. His analysis suggests that more losses may be ahead.
XRP’s price movement will depend on how it holds at key support levels. If it stays above $2.30, a rebound is possible. However, if it falls below $1.90, it could trigger a deeper sell-off. Despite its 15% plunge to $2.43, XRP’s Relative Strength Index (RSI) is at 34, hinting at possible bullish momentum.
Beyond technical factors, broader market conditions are adding pressure. XRP Futures Open Interest has dropped by 35%, showing that traders remain bearish. Meanwhile, global markets are on edge as Trump delays crypto regulations and pushes tariff policies, increasing uncertainty.
Experts are divided on where XRP is headed next. Some predict a rally back to $4, while others see a longer downturn as the Ripple vs. SEC case remains unresolved. Despite the sell-off, many still believe XRP has strong long-term growth potential.
As history suggests, February has rarely been kind to XRP – will this year be any different?
Layer 2 tokens often derive their value from the Ethereum ecosystem, as they rely on…
Gemini Space Station, Inc., a well established cryptocurrency exchange by the Winklevoss brothers, has filed…
As the crypto market gains momentum heading into mid-2025, investors are wondering what is the…
The Titans of AI are forging the future. With billions poured into the industry, where…
Apertum has been officially designated as a key general blockchain within the Avalanche ecosystem —…
The Cardano price fell nearly 10% last night due to the liquidation of numerous long…
