XRP Price Prediction For February 11
The post XRP Price Prediction For February 11 appeared first on Coinpedia Fintech News
The cryptocurrency market is currently trying to bounce back after experiencing a minor dip. Bitcoin is currently trying to rise above the $99,000 levels and is up by more than one percent in the last 24 hours. Cardano has climbed by more than 9% in the last 24 hours and Dogecoin has also gained 4%. As for XRP, it has been moving along with the market, and XRP/BTC is showing slight upward movement. However, nothing major is happening right now.
XRP is still bouncing from a short-term support zone, ranging between $2.25 and $2.30. If the price stays above this level, it could maintain the bounce. However, if XRP closes a daily candle below $2.25, the next support level is around $2, specifically between $1.95 and $2.05. On the upside, the resistance to watch is between $2.58 and $2.63. If XRP pushes above this zone, stronger resistance could be found around $3.20 to $3.30.
Current Market SentimentWhile XRP is still under a larger bearish divergence, which is impacting the price on the daily and 3-day charts, we are currently experiencing a short-term bullish divergence on the 8-hour chart. This has provided a brief relief from the downward trend, leading to some sideways movement or a small bounce.
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The current relief could continue for a few more days, but it’s important to note that this isn’t a full reversal into a bullish trend. It’s more of a pause in the ongoing bearish trend. A continued bounce or sideways movement is likely, but the overall market still faces pressure in the longer term.
The SEC Case and XRP’s FutureThe big hurdle for XRP continues to be the ongoing legal battle with the SEC. Once this case is resolved, we could see a significant boost in XRP’s price, as all the positive momentum currently building up will likely surge at once. If the SEC case is settled, it could see XRP make bigger moves.
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FAQs
Did Ripple win the lawsuit? Ripple (XRP) has secured regulatory clarity in the lawsuit driving a positive price action.
How much will XRP be worth by the end of 2025?XRP might reach a high of $3.99 with an average of $3.07.
How much would the price of Ripple be in 2040?As per our latest XRP price analysis, the Ripple could reach a maximum price of $148.37.
How much will the XRP price be in 2050?By 2050, a single Ripple price could go as high as $418.73.