Watch XRP Prices: Key Levels Investors Must Track Now

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Ripple ‘s XRP has faced a significant decline of over 23% in the past week, dropping below the $2.40 mark. After exceeding the $3 level on February 1, the popular cryptocurrency has been moving laterally since then. Following a failed attempt to rise on January 16, XRP entered a strong corrective phase and is now approaching critical support levels. Along with Bitcoin and other major cryptocurrencies, XRP is under selling pressure. So, what are the important levels for XRP prices? Here’s the price analysis and commentary for XRP coin from February 7 to 10.

XRP Coin Price Analysis and Commentary

According to technical analysis, XRP may have hit a bottom on February 3 and could enter a new upward wave from there. If the price can surpass the $3 level again, targets may follow at $4.20 and $5.

If XRP gains stronger momentum, it has the potential to rise to $6.60. However, for this scenario to materialize, the price needs to rise above $2.70, as this level could signal a significant trend change.

Pay Attention to Short-Term Decline Scenario

On the other hand, the recent decline in XRP could be part of a more significant correction movement. If the price drops below the support levels of $2.20 or $2.10, an acceleration of the downward trend may be anticipated.

At this point, the $1.95 level stands out as a critical support zone. A drop below this level could lead XRP into a severe retracement, potentially bringing it down to $1.20. The overall state of the market is one of the major factors that could speed up this decline.

Key levels that XRP holders should carefully monitor are as follows:

• Support Levels: $2.35, $2.22, $2.11
• Key Decline Threshold: $1.95
• Necessary Threshold for Rise: $2.70 and above
• Potential Major Targets in an Uptrend: $4.20, $5.0, $6.60

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