Why XRP Price is Down Today? How Low Can XRP Crash?
this News of Trump Tariff War Ripple’s 400 million XRP unlocked, worth about $ 1.136 billion, immediately shaken the market XRP price Fall by more than 24.6 % in only 24 hours. XRP in Recently, the encryption market crashesThe highest expert predicted that it would fall further to $ 1.90.
This sudden free fall may indicate that XRP is about to follow its usual trend, that is, one month in February, and the historical performance is not good. According to the data of Cryptorank data, the average return of XRP in February was -3.00 %, and it has only completed four times in green since 2014. The best performance was 2022, an increase of 26.3 %, but this model still shows that February may be a difficult month that may be an XRP.
Despite the prospects of loser, the experts are still optimistic about the future of XRP based on the key support level and potential recovery. about XRP ETF approval in 2025The closure of Ripple and SEC cases and the release of IPOs make it possible to recover.
Is the ripple (XRP) a bear trap?
Famous analyst EGRAG cryptocurrency warn XRP’s vulnerability may lead to $ 2.30, while $ 1.90 is the last line of the Ministry of National Defense. The 21 -day index moving average (EMA) has been identified as a key indicator of the current market downturn. Although the prospect is to decline, experts suggest that such a decline can create opportunities for investors.
Crypto analyst Ali Martinez Point TD sequential indicator, the indicator marks the sale a week ago. Martinez’s warning emphasizes the risk of further decline.
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What is the next step of XRP?
The future price change of XRP will depend on its response to the support area. If XRP can accommodate $ 2.30, it may be possible. However, a break below $ 1.90 may lead to deeper selling. Although 15 % recently fell to $ 2.43 and the transaction volume has increased, XRP’s Relative strength index (RSI) is 34, which means the potential to watch in the future.
However, other factors such as XRP’s future opening interest have dropped by 35 %, reflecting the continued bear mood. Overall, the global market is in a state of panic because Trump is postponing Encrypted regulations He determined that the tariff move was to cause tensions worldwide.
Experts still have differences in the recent future of XRP. Some people predict that the potential rally will return to $ 4, while others are expected to extend the extended decline because the legal cases have not resolved. Despite selling, XRP is still considered as long -term growth potential.
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