XRP Price Prediction For February 2
XRP currently falls more than 6 %, falling to a key $ 3 point. Since December, XRP has been moving steadily. However, the price is now reversed, and the support level of supporting support is less than $ 3. Although the next step is still being treated, analysts are preparing for XRP for another bullish stage.
XRP current market structure:
Based on Elliot Wave analysis, The price change of XRP shows an impulsive upward mode, which seems to be corrected essentially. This shows that the potential third wave motion may soon begin. The current price structure indicates that XRP can be placed for breakthroughs. The support level worthy of attention is $ 2.76, which is the key to maintaining a small range of bullish trends.
Key resistance and support level:
The larger market model was corrected in mid -January, laying the foundation for the possible five -wave movement. However, a breakthrough that is higher than the previous high price is essential for confirmation of the continuation of the bullish trend.
If XRP fails to exceed this level, the market may go through a low support level of US $ 2.51 to $ 2.68. In this case, the overall market structure may need to be adjusted.
Although there is uncertainty, the market emotions are basically optimistic, especially if XRP is trying to break the resistance at a price of 3.40 US dollars. The next main goal of XRP is that if the momentum of the bullish continues, it is $ 4.20, which may be $ 5. Overall, XRP shows hope, and many traders prepare for potential breakthroughs in the next few weeks.
