XRP Price Prediction For February 8
XRP currently appears to be trapped in the range market as prices move between key support areas and resistive areas. At press time, XRP tried to exceed the $2.40 level and grew by more than 1%. Although there is some motivation to move up As of this moment, Price action is still too small to have a significant impact on the larger trend.
Support and resistance levels (short term)
The main support areas to be monitored are $1.95 to $2.35. If the price rises above $1.95, the price may follow. However, it is still possible to test the area again until a significant uptrend appears.
For now, the market is still somewhat uncertain. A break below $1.95 means the February 3 low may not be the real bottom, but the jackpot above $2.70 will provide reliable confirmation that larger gatherings are coming in.
Support and resistance levels (long-term)
In the long run, XRP’s support area is $1.20 to $2.10 over a larger time frame. This week, prices fell into the region but have begun to move upwards. However, it is important to note that it may still consider a potential fourth wave extension until XRP exceeds its all-time high of $3.40.
XRP may continue between $1.20 and $4.20, which may last for a while. Although this may be frustrating for traders, it is not uncommon for XRP to show such behavior. If XRP goes through an impulsive rally, it could be stretching for $4.20, or even $5 and $6.60. However, these levels are still speculative and need to be confirmed by further price transfers.
