Since XRP tests short -term losses, whale investment trends indicate confidence in the distinctive symbol as it seeks to restore the 3 -dollar resistance.
Specifically, given that XRP hovers near the decisive support level, the whales have benefited from the continuous decrease, as 540 million XRP accumulates, according to data from the analysis platform on the series SantimAli Martinez shared it in x mail On February 7.
Historically, these concentrated whale purchases have preceded rebounds noticeable for XRP. This accumulation can serve as an incentive, leading to the leadership of XRP to new horizons in pursuing a record price exceeding $ 3.
In order for XRP to recover the level of $ 3, the favorable market conditions will be needed and the wider encrypted currency sector.
It is worth noting that the last XRP sale coincided with the feelings of the total market, as investors turned into pessimism amid escalating trade tensions after President Donald Trump’s new tariff for goods from Canada, Mexico and China.
More importantly, the price of XRP depends on organizational developments, with a case of ripples against the Securities and Stock Exchange Committee (SEC) remains a major factor. There is awaiting that the new SEC administration can reject the legal issue or reach a favorable settlement of Blockchain.
What is the next for the xrp price
Regarding the XRP price track, analysis by the borrowed cryptocurrency analyst Egrag Crypto He suggested that although there is room for more negative aspect, the total technical expectations remain optimistic.
On February 8 x mailThe most prominent analyst is that XRP is circulating within a specific range of REECting Key Fibonacci.
The distinctive symbol is currently fluctuating between FIB 0.5 at $ 2.45 and FIB 0.382 at $ 2.27, as the cross crumbs extend to FIB 0.618 at $ 2.65 and FIB 0.236 at $ 2.06. This range indicates an accurate balance between the upright and underlined forces, which creates the possibility of collapse or collapse.
The expert emphasized that the daily closure above the SIA moving average for 21 days (EMA), at $ 2.70, is crucial because it represents dynamic resistance. In addition, a strong daily closure above FIB 0.702 at $ 2.80 can pave the way for more upward movement.
Support and resistance levels remain clear, as the XRP range ranges between $ 2.27 and $ 2.45 and the wider range from $ 2.06 to $ 2.65. However, he pointed out that a decisive closure is less than $ 1.77 would give control of bears.
On the other hand, the FinBold’s Cantantalence (AI) predicts as a high direction for XRP in the coming weeks. Take advantage of many artificial intelligence models, the tool predicts an average of $ 2.77, an increase of 16.04 % by the end of February.
The most optimistic expectations come from ChatGPT-4O, as it predicted XRP to $ 3.20, which is an upward trend of 33.89 % driven by strong technical signals, such as SMA50 staying over SMA200 and a modern golden cross.
Chatgpt-4O Mini presented a more modest goal of $ 2.50, indicating positive market morale and macroeconomic factors. Meanwhile, Grok 2 Vision expects to reach XRP $ 2.62, which represents 9.62 % profit.
XRP price analysis
At the time of the press, XRP was traded at $ 2.39, as more than 3 % decreased on the daily chart. During the past seven days, the distinctive symbol decreased by almost 20 %.
In general, XRP displays the short -term landing feelings, given that it is currently trading less than the simple moving average for 50 days (SMA) at $ 2.59.
However, XRP prospects remain a long -term positive, with SMA for 200 days at $ 1.29, indicating a stronger support level. In addition, the RSI indicator (RSI) indicates from 37.88 to the sale conditions, which can indicate a recovery if the dumping momentum is reduced.
Distinctive image via Shutterstock
