# **XRP Price Prediction for February 5: Will the Range Break or Hold?**
The **XRP market** continues to navigate within a **larger sideways range**, keeping traders on high alert. Despite recent price swings, XRP remains within a **well-defined trading zone**, with strong support and resistance levels shaping market sentiment.
## **Key Market Insights**
📉 **Current Price:** Below $2.55 (-7% decline)
📊 **Resistance Level:** $3.40
🛑 **Key Support:** $1.96 (holding strong since December 2024)
📌 **Wider Trading Range:** $1.20 - $3.40
### **XRP’s Strong Support at $1.96**
Recently, XRP experienced a **sharp decline**, retreating from the **$3.40 resistance** to the **$1.96 support** zone. Despite the dip, this **$1.96 level has held firm**, acting as a critical structural support tested multiple times since December. Although prices briefly fell below this mark, **strong buying interest pushed them back up**, reinforcing its importance in the market.
Currently, XRP is **oscillating between $1.96 and $3.40**, making this range a crucial zone for both **short-term traders** and **long-term investors**.
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### **Potential for a Price Pullback**
At the moment, XRP appears to be undergoing a **corrective pullback** following Monday’s low. Analysts warn that if the price fails to maintain momentum, a **deeper decline could be on the horizon**.
🚨 **Key levels to watch:**
✅ If XRP **breaks below $2.48**, a stronger bearish move may push prices toward the **$1.20 support**.
✅ If XRP **holds above $1.96**, we could see **a retest of the $2.40-$3.00 zone**.
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### **Is XRP Stuck in a Range?**
XRP is **consolidating within a well-defined trading range**, and a breakout in either direction could set the stage for its next major move. While it’s uncertain how long this range-bound trading will persist, the price action suggests that traders should closely monitor **support and resistance zones** for signs of an upcoming breakout or breakdown.
🔹 **Bearish Scenario:** A drop below **$2.48** could accelerate losses toward **$1.96** and potentially **$1.20**.
🔹 **Bullish Scenario:** A breakout above **$3.40** could ignite a **strong rally**, potentially pushing XRP into new highs.
With XRP currently testing lower levels, the market remains at a critical juncture. **Will the $1.96 support hold, or is a deeper correction on the way?** Traders should watch price movements closely as the crypto market remains highly volatile.
📢 **Stay tuned for more XRP updates as the market unfolds!**
