CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
coinpedia 2025-02-10 05:04:24

XRP Price Prediction For February 10

The post XRP Price Prediction For February 10 appeared first on Coinpedia Fintech News XRP has been relatively quiet over the weekend, with little sign of a strong breakout. While the broader crypto market remains volatile, XRP is currently in a corrective phase, and there’s no clear indication of a major move upward for now. The price is stuck within a narrow range, with support and resistance levels dictating its short-term direction. At the time of writing, XRP is down by more than three percent and is trading at $2.39. XRP Faces Resistance at Key Levels The most critical resistance level for XRP is between $2.51 and $2.72, which represents the 50% to 88.7% retracement area. For bulls to regain control and start pushing prices higher, they need to break above this zone. As of now, it’s the bears who seem to dominate, as the price is correcting after a previous rally that saw XRP rise from a low of around $2.10 to a high of $2.80 . This correction, while expected, suggests that the bears are currently in charge, pushing the price lower. The latest bounce from the 50% retracement level appears corrective, indicating that the upward move might not be sustainable just yet. Potential Scenarios for XRP: A Range-Bound Market XRP is currently stuck within a defined range, and for now, support levels established over the weekend remain in play. This support, which was defined at key Fibonacci levels, has held strong so far. However, this consolidation phase can’t last forever. A breakout, either to the upside or downside, is expected soon. If the bulls can push past the resistance at $2.80, the next target would be a breakout above the Monday high, which could indicate that the corrective phase is over and a new rally could begin. However, the current trend points toward the possibility of another dip, potentially down to $2.11 or even $1.95 before any further upward momentum.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.