XRP Price Prediction For February 10
XRP was relatively quiet on weekends, with few signs of a strong breakthrough. And more extensive Crypto Market Keeping volatile, XRP is currently in the correction stage and there are no clear signs yet. Prices are trapped in a narrow range, and support and resistance levels determine their short-term direction. At the time of writing, XRP fell more than 3% and traded at $2.39.
XRP resistance to key levels
The most critical resistance level for XRP is between $2.51 and $2.72, representing a 50% to 88.7% retracement area. To get the bulls back into control and start raising prices, they need to go beyond the area. As of now, it seems that the Bears seem to be dominant as prices corrected XRP rises from surrounding lows $2.10 to $2.80.
This correction, although expected, indicates that the bear is currently responsible for reducing the price. The latest rebound at the 50% retracement level appears to be corrected, suggesting that the upward movement may not be sustainable yet.
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Potential solutions for XRP: Boundary Market
XRP is currently stuck in a defined range, and the level of support determined over the weekend is still in play. This support is defined on the key Fibonacci The level has remained strong so far. However, this merger phase cannot last forever. It is expected to happen soon in the upward or downward trend. If the Bulls can push the resistor to $2.80, the next goal will be a breakout above Monday’s high, which may indicate that the correction phase is over and a new rally can be started.
However, the current trend points to another tilt possibility that it could drop to $2.11 or even $1.95 before further upward momentum.
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FAQ
XRP is currently in the correction phase with resistance of $2.51-$2.72. A breakout above $2.80 may mark a buy, while a further decline indicates caution.
The next move for XRP depends on breaking the resistance to $2.80. If the Bulls get momentum, they can hold a rally, but another drop to $2.11 is still possible.
If the XRP discount exceeds $2.80 and keeps power, it may challenge $3, but the key resistance levels must be overcome first.
XRP fell due to bearish pressure, earnings and resistance, $2.51-$2.72, preventing further upward momentum.
