Is the XRP price of less than $ 3? Analyst’s weight

XRP (XRP) took six years to recover $ 3 in six years. $ 3 is the last psychological level achieved in Crypto Market’s 2017 Bull Run. However, due to the macroeconomic shock led by US President Donald Trump’s trade war, XRP fell below this level earlier this week.

As of February 6, the price of XRP was about $ 2.40, and it fell about 30% from the $ 3.40 record established three weeks ago.

Nevertheless, the token related to ripples increased by about 400% in November 2024 at a local low of $ 0.50.

In other words, XRP is integrating after a rapid rally, waiting for further clues to confirm the next market prejudice.

It further ignited the discussion in the encryption community about whether the move to the side of the XRP is the end of the current running or the golden purchase opportunity.

Will XRP drop 30-45%more?

According to the popular market analyst Credibull Crypto, the XRP price can decrease by 30-45% in the next few weeks.

In his latest analysis, he said that the price of the XRP could fall to the “region lowest” defined as the $ 1.60-1.30 region marked in the chart below.

Fellow analyst NISHANT BHARDWAJ repercuses on the shortcomings of $ 1.60, pointing out that XRP must increase the level of support of $ 2.50 to maintain an upward momentum.

BhardWaj wrote in X posts.

“Strong bounce at a level of less than $ 2 suggests demand, but weak pressure lasts. Look at $ 2.50. The failure can lead to support tests of $ 2.00 and $ 1.61. ”

relevant: The XRP Bearish Divergence increases the re -test opportunity of $ 2. Here is something Bulls needs to do.

Interestingly, the additional volume profile analysis of the $ 1.60-1.30 region shows the relevance of a massive area with significant trading activities in recent months.

In particular, the $ 1.60 level is 20 cents lower than the 200 -day index moving average (200 days EMA; Blue Wave).

Overall, the $ 1.60-1.30 area will act as a demand area that is likely to be a buyer.

XRP whales, Korean merchants buy XRP Deep

In recent years, market activities have traditionally emphasized the importance of monitoring Korean merchants who play a strong indicator of retail feelings and speculative trading trends in the encryption market.

As observed on the cumulative volume delta (CVD) chart of the analyst LTRD, UPBIT’s trader actively purchased BTC (Bitcoin) and XRP while simultaneously offloading Ether (ETH) during the latest market correction. CVDs represent the sum of purchases and sales transactions.

This behavior suggests strategic capital rotation that Korean investors pursue safety in BTC and XRP.

The most noticeable is the consistent accumulation of XRP, especially unlike Ether Leeum’s continuous sales pressure. In particular, BYBIT Traders reflected this trend, and XRP purchases increased deep.

Meanwhile, according to Mesari’s data, whales with XRP whales, especially millions of tokens, have been accumulated during the current price dip.

The cross -exchange accumulation indicates that a specific market participant has strengthened the paper that the XRP remains a high probability asset among certain investors’ sectors, by treating the sale as a major purchase opportunity.

Meanwhile, the encryption analyst, Dark Defender, predicted that XRP could record $ 5.85 in the short term and $ 18.22 in the long term based on Elliott Wave theory. XFORCEGLOBAL is also expected to be finally promoted at $ 5- $ 10 in the fourth wave of the daily chart.

This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.