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

WallStreet Forex Robot 3.0
coinpedia 2025-02-06 04:51:38

XRP Price Prediction For February 6

The post XRP Price Prediction For February 6 appeared first on Coinpedia Fintech News Ripple’s XRP is currently down by more than three percent and is retesting levels below the $2.50 mark. The price hit a low of $2.36 in the last 24 hours and is now eyeing to break above the $2.50 and $2.70 levels. These levels have provided strong support for XRP’s price in the past. On February 3, XRP hit the $1.95 levels. However, it has now bounced back and has recovered. In the last seven days, XRP has declined by more than 22%. Understanding The Microstructure On a smaller time frame, XRP’s price movement since February 3rd shows a potential impulsive move upward. Although the typical five-wave pattern isn’t clearly visible, this could be due to the rapid sell-off followed by a quick recovery. The microstructure analysis remains uncertain, but key support levels between $1.95 and $2.35 are critical to watch. Source: CoinMarketCap If the price breaks below $1.95, a downward trend may occur. However, if the price breaks above the trendline and $2.57, it would signal a possible recovery towards the $3.40 breakout point. However, caution is advised as rapid downside moves are also possible, typical of third waves in trends. Important Support Level To Watch: The XRP chart continues to show a bullish structure, as long as the price holds above the $1.20 level. This key support has recently been tested, following a sharp sell-off in the altcoin sector, which often results in quick price movements. If XRP remains above this $1.20 threshold, the next targets for upside price action could be around the $4.20, $5, and $6.60 levels.

Feragatnameyi okuyun : Burada sunulan tüm içerikler web sitemiz, köprülü siteler, ilgili uygulamalar, forumlar, bloglar, sosyal medya hesapları ve diğer platformlar (“Site”), sadece üçüncü taraf kaynaklardan temin edilen genel bilgileriniz içindir. İçeriğimizle ilgili olarak, doğruluk ve güncellenmişlik dahil ancak bunlarla sınırlı olmamak üzere, hiçbir şekilde hiçbir garanti vermemekteyiz. Sağladığımız içeriğin hiçbir kısmı, herhangi bir amaç için özel bir güvene yönelik mali tavsiye, hukuki danışmanlık veya başka herhangi bir tavsiye formunu oluşturmaz. İçeriğimize herhangi bir kullanım veya güven, yalnızca kendi risk ve takdir yetkinizdedir. İçeriğinizi incelemeden önce kendi araştırmanızı yürütmeli, incelemeli, analiz etmeli ve doğrulamalısınız. Ticaret büyük kayıplara yol açabilecek yüksek riskli bir faaliyettir, bu nedenle herhangi bir karar vermeden önce mali danışmanınıza danışın. Sitemizde hiçbir içerik bir teklif veya teklif anlamına gelmez