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  • ๏ปฟAnjali Belgaumkar
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    Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto โ€œEnthusiastโ€ but trust me I'm getting there.

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XRP Price Prediction For February 24

  • currency-symbol XRP $ 2.15 (1.62%) top gainer
Story Highlights
  • XRP struggles below $2.80 resistance, trading at $2.50 amid market downturn. A breakout above $2.80 could trigger a bullish rally.

  • XRP remains range-bound between $2.25 support & $2.80 resistance. Market lacks clear direction as traders await a decisive breakout.

Rippleโ€™s XRP is currently down by more than 2 percent and is trading at $2.50. The broader market sentiment has turned red and Bitcoin is currently trading below $96,000. The price of XRP remains stuck in a tight range, struggling around key resistance levels. The current resistance area, sitting between $2.65 and $2.80, has shown strong rejection multiple times, preventing upward price movement above it. Despite these rejections, there has not been a major shift towards bearish momentum, indicating that the market lacks clear direction.

Support Levels and Market Behavior

Currently, XRP is bouncing between support and resistance. According to analyst Josh of Crypto World, the first support level is around $2.50, with further support found between $2.25 and $2.30. This suggests that XRP is range-bound, showing a lack of decisive movement in either direction. Attempts at bullish moves are stalling at resistance, while bearish moves are not gaining enough strength to push the price lower.

Potential Bullish Breakout and Future Resistance

Should XRP manage to break above $2.80 and close a daily candle above this level, it could signal the beginning of a bullish relief rally, possibly driving the price up to $3. However, at around the $3 mark, XRP would likely face resistance once again. For now, a confirmed breakout above $2.80 is required to push the price higher.

Outlook for XRP in the Short Term

In the near term, XRP’s price action is expected to remain relatively uneventful, with a lack of momentum likely leading to continued sideways movement. As of now, short-term traders may experience somewhat boring price action until a breakout or breakdown occurs.

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FAQs

Why Is XRP Down Today?

XRP is down due to market corrections, resistance at $2.80, and broader crypto volatility, with Bitcoin also trading below $96,000.

How much will XRP be worth by the end of 2025?

XRP might reach a high of $3.99 with an average of $3.07.

Is XRP a Good Investment?

XRP’s potential depends on adoption and regulation. If Ripple wins legal battles, XRP could see long-term growth, but risks remain.

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