Current situation🤗
- XRP price: decreased by 1.07% over the past 24 hours.🕰
- Market trend: indicates increasing pressure, as XRP dropped about 7% that day and 5% over the past month.🕰⏳️
Historical performance👀
- February Historically: considered a difficult month for XRP, with an average return of -8.12%, and an average decline of -5%.😱
- Decline in 2025: XRP experienced a 29% decline in the same period.⏳️
Technical Analysis〽️
- Descending Channel: XRP is trading within a long-term descending channel, increasing the risk of a downturn.🤔
Relative Strength Index RSI: Reflects weakness in momentum, where bearish divergence indicates a fading upward strength.
Market Signals
- Money Flow: Despite the price drop, the Chaikin Money Flow CMF shows bullish divergence, indicating that institutions may be accumulating XRP.🚘
- Whale Movement: Whales holding more than 1 billion XRP continue to accumulate, reflecting significant interest during this period.🐋
Support and Resistance Levels🥳👍
- Support Levels:👍
- $1.71 - $1.69: This area must be defended to avoid a larger collapse.
- $1.46: The next support level if the previous level is broken.
- Resistance Levels:⚠️
- $1.97: XRP must regain this level to signal a recovery of control by buyers.
Future Scenarios
- Negative Scenario: If exchange flows continue to rise, XRP could drop below $1.70.
- Positive Scenario: Regaining $1.97 could pave the way toward $2.41, indicating a strong bullish breakout.
Summary
The battle is centered around support at $1.69 and resistance at $1.97. A break of either will determine the direction of XRP's price for the rest of February.
#Xrp🔥🔥
XRPUSDT
Perp
1.6754
-4.4%
