XRP Price Prediction For February 4
After the entire cryptocurrency market declined sharply, everyone stared at XRP due to impressive recovery in the past few hours.
55 % of XRP’s rally restored the nearest autumn
According to available data, XRP has witnessed a significant decline of 35 % in the past 48 hours, but has increased significantly by more than 55 %, and is one of the largest bullish candles in the past two years.
From the perspective of price reversal, XRP seems to see a bullish. In addition, this rally does not seem easy to stop because the US President Donald Trump He suspended Mexico’s tariffs, and he announced the tariff on the X handle earlier.
After the update, the overall cryptocurrency market, including Bitcoin (BTC), has begun to recover. The Bitcoin (BTC) and other cryptocurrencies have witnessed more than 12 % of the price reversal in the past 12 hours.
XRP, worth $ 80 million
As reported by “Chain Analysis Company”, the price reversal of the recently purchased DIP’s record is reversed. Long -term holders, investors and whales have dumped the tokens on the exchange Small shopEssence
Data from spot inflow/outflow show that in the past 24 hours, exchanges have witnessed the inflow of XRP worth more than $ 80 million. This large amount of inflow seems to be a potential selling of profitable reservations in this record reversal, and may cause sales pressure and further prices.
XRP technical analysis and key level
According to expert technical analysis, XRP seems to be optimistic and seems to be forming a large -scale bullish hammer candle. In order to continue the rally, XRP needs to be closed on $ 2.70 or $ 2.65. If this happens, a new historical climax may occur.
If this happens, we are likely to see the highest level of XRP’s new history. From the front side, the XRP’s relative strength index (RSI) is 44, and there is a lot of space to see the rising rally.
