XRP Faces Potential Sell-Off If History Repeats Itself

XRP has taken a significant hit over the past 24 hours, dropping below the crucial $3 level and shedding more than 10 cents in value. This sharp decline has raised concerns that the cryptocurrency may be heading toward another February slump, a pattern it has followed in previous years. But can XRP defy history and turn things around this time?

XRP’s February Track Record

Data from Cryptorank reveals that since 2014, XRP has averaged a -3.00% return in February. Over the past decade, it has only closed the month in the green four times—most notably in 2022, when it surged by 26.3%. Other positive February performances occurred in 2016 (23.8%), 2019 (1.13%), and 2024 (17.1%).

Conversely, XRP has experienced significant declines in several Februarys, with its worst drop occurring in 2014 (-33.4%). Other notable losses include 2017 (-12.3%), 2018 (-22.1%), and 2021 (-14.8%).

Can XRP Break the Pattern?

Despite its historical struggles, some analysts believe XRP could defy the trend this time. With a new U.S. administration that is seen as pro-crypto, there’s growing optimism that favorable regulatory conditions could support XRP’s performance.

While historical data points to an average 3% decline in February, the broader crypto market dynamics may play a key role in shaping XRP’s trajectory. However, as always, past performance does not guarantee future results. Only time will tell if XRP can shake off its February blues and chart a new course.