Ripple’s XRP is currently down by more than three percent and is trading at $2.40 levels. The altcoin has shown sideways action after an impressive recovery on February 3. At present, XRP is in a sideways range, and there’s speculation it could form into a triangle or possibly a continuation pattern. The market is currently in a waiting phase, and the next few days will determine whether XRP can break above resistance or fall further.
This week, two important events are happening that could impact XRP holders: the release of the Consumer Price Index (CPI) on Wednesday, February 12th, and the Producer Price Index (PPI) on Thursday. While XRP is currently consolidating, these reports might temporarily affect its price, especially with ongoing market uncertainties and fears.
Ripple (XRP) has secured regulatory clarity in the lawsuit driving a positive price action.
XRP might reach a high of $3.99 with an average of $3.07.
As per our latest XRP price analysis, the Ripple could reach a maximum price of $148.37.
By 2050, a single Ripple price could go as high as $418.73.
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