$XRP XRP Forecast: What to Expect from the Coin Today, 02/11/2025?
XRP has dropped 25% in a week but remains above the $2.33 support.
The Mean Coin Age (MCA) indicator suggests HODLing behavior, reducing downside risks and aiding recovery.
A break above the $2.70 resistance could take XRP to $2.95.
XRP has a chance of recovery
The sentiment around XRP remains predominantly bearish. Recent price action, including the failed attempt to form a new all-time high (ATH), has left investors feeling discouraged. The altcoin’s sharp drop last week has only deepened skepticism, with many opting to take a wait-and-see approach.
However, if market conditions improve, there is potential for a change in sentiment. Should the weighted sentiment indicator break above the neutral line, it would mark a return to bullish sentiment for the first time in a month. Such a move could encourage renewed investor interest and trigger a positive price movement.