As of February 11, 2025, XRP is trading at approximately $2.50, reflecting a slight increase of 0.0246% from the previous close.
Over the past week, XRP's price movements have been influenced by various factors, including global economic policies and market sentiment. For instance, recent U.S. tariff announcements have led to mixed reactions in the cryptocurrency market, with XRP experiencing a 0.7% decline to $2.45, while Bitcoin saw a 1.1% increase to $97,861.
Technical analysis indicates that XRP has established strong support at the $2.42 level. Analysts suggest that if XRP maintains this support, it could target the $3.00 to $3.85 range, especially considering Ripple's recent developments, such as the launch of the RLUSD stablecoin.
However, it's important to note that XRP's price is also subject to external factors, including ongoing legal challenges. The outcome of Ripple's legal battle with the U.S. Securities and Exchange Commission (SEC) remains a significant variable that could impact XRP's valuation.
In summary, while XRP shows signs of bullish momentum with strong support levels and positive technical indicators, investors should remain cautious due to potential market volatility and external factors that could influence its price trajectory.
