XRP Price Prediction For February 4
Ripple’s XRP has rebounded and has obtained 20 % of the impressive 20 % in the past 24 hours. The current transaction price is higher than $ 2.50, and the current goal is more than $ 3 again. Bitcoin also exceeds $ 100,000, and is currently trading at a critical level of support.
The price of XRP has reached a key support area of 2.13 to 2.22 on the 4 -day chart, which has triggered a decline. This level is essential for distinguishing the upward trend and the trend of losses. The market has been played back from this level, The prospect is still very positive, The potential target is $ 4.19, $ 5, and may even be $ 6.62 among the upcoming waves. However, on the weekly chart, XRP still drops more than 18 %.
Small framework failure: temporary setbacks
Within a smaller time, XRP briefly broke the 2.64 US dollars of swaying low, which invalidated the previously bullish pattern. However, the number of alternative Elliott Wave is now leading, and the price is about $ 2.72 to $ 2.22. The key level of focusing on forward is $ 2.96, which provides support for more than $ 3 or more. The price is currently recovering, but the recovery of the next correction measures will determine whether the upward trend can continue.
The key level and next step of XRP
In order to confirm its further rise, XRP needs to maintain support of more than $ 1.90, which represents a 78.6 % retracement level. XRP has two potential ways: direct breakthrough or expansion wave four, which may lead to further rise. As the market fluctuates, it is important to closely monitor the next callback. If the callback is corrected, it may marked the continuation of the bullish trend.
