The XRP (XRP) price fell 3.2% on February 5, forming a $ 2.55 lowest level on a daily chart. But a recoil with more than $ 2.70 candles will inform the powerful trend reversal of Altcoin.
XRP/USD Maeil Daily Chart. Source: COINTELEGRAPH/TradingView
The XRP price must be found for $ 2.70
As Donald Trump’s tariff threats have been concerned about the trade war, the cryptographic market settles, and merchants are optimistic about the price of XRP.
Popular merchants, NISHANT BHARDWAJ, emphasized that on February 3, XRP’s recent resistance was rejected from major resistance, causing “sharp fullback.”
BhardWaj has rebounded in a demand area of $ 2.00, but “The weak pressure still persists.
In the case of optimistic, the analyst said:
“XRP must find $ 2.70+ for ascending exercise.”
XRP/USD Maeil Daily Chart. source: NISHANT BHARDWAJ
According to CoingLass’s liquidation heat map, immediate support for XRP is especially $ 2.50.
The walls of bidding liquidity are built below this level, suggesting that support and liquidity are increasing in the short term.
XRP liquidation heat map. Source: COINGLASS
Will XRP prices be $ 18 in 2025?
Despite the recent flash clashes of the XRP price, Dark Defender, an anonymous password analyst, said Altcoin could reach $ 5.85’s mid -term targets and long -term goals for $ 18.22 based on the Elliott Wave theory of monthly.
“XRP has the fourth wave in the middle cycle, which is emphasized in dark blue and aims to be $ 5.85 for the fifth wave. On the other hand, the primary cycle waves emphasized with Light Blue still aim for $ 18.22. ”
XRP/USD monthly chart. source: Dark defender
Market analysts used this structure to expect this goal since the price was from $ 0.40 to $ 0.50 since July 2023.
His updated analysis on February 5 shows a clear picture of the potential path that the XRP price can take.
relevant: Ripple says that after a network stop for an hour, the director of the XRP will return online.
Fellow analyst XFORCEGLOBAL also pointed out that XRP is in the fourth wave of intermediate cycles for a daily period, and the fifth wave will be priced for $ 5 and $ 10.
“After the triangle, the thrust measurement will be roughly matched with the original goal of $ 5-10, and will continue to refine as the price increases.”
XRP/USD Maeil Daily Chart. source: XFORCEGLOBAL
XFORCEGLOBAL said, “With a 50% bounce, you have a 50% bounce and you have a chance to complete this fifth waves.
“We got the expected fullback and now we met the minimum expectation.”
As reported by Cointelegraph, recovery of more than $ 2.90 will confirm the restoration of the bull market structure.
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.