$XRP
📈The price of XRP has shown notable volatility in recent days. On Sunday night, February 2, 2025, XRP recorded a significant drop, reaching an intraday low of $1.77 before closing at $2.29, representing a decrease of 12% compared to the previous day.
📈Currently, XRP is trading around $2.62, with an intraday high of $2.78 and a low of $2.24.
📈From a technical perspective, XRP faces significant resistance around $1.63. If selling pressure increases and the price falls below this level, there is a possibility that XRP could drop to the support at $1.05, and it could even fall below $1.00 if the downward trend continues.
📌Several factors could contribute to a decline towards $1.60 or even lower levels:
📌Global trade tensions: Recent tariff policies implemented by President Donald Trump have generated uncertainty in financial markets, negatively affecting cryptocurrencies, including XRP.
📌Profit-taking by investors: An increase in profit realization, evidenced by the sale of approximately 695 million XRP valued at over $1.6 billion in a 24-hour period, indicates a possible lack of confidence in the continuation of the upward trend, which could exert additional pressure on the price.
📍According to CoinCodex projections, XRP is expected to reach $3.11 by February 23, 2025. Additionally, analysts like Dark Defender predict that, based on the Fibonacci Retracement, XRP could reach as much as $18.22 in the future.
Conduct your own analysis, safeguard your capital, do not invest in leveraged futures up to x3, be responsible as it is your capital that is at risk, I wish you much success
