Cryptocurrency Price Forecast for February 4 – XRP, Cardano, Dogecoin

February begins with the market still appearing unsettled. Bitcoin is trading around $75,000 at the time of this writing, reaching new yearly lows and exerting pressure on everything beneath it. Altcoins are experiencing even greater strain, with XRP, Cardano, and Dogecoin all positioned at levels that traders have found uncomfortable for some time.

Nonetheless, February has a tendency to reverse the narrative following a negative January. If Bitcoin can stabilize, some of these distressed charts might finally provide more than mere false hope.

Bitcoin (BTC)24h7d30d1yAll time

XRP Price Prediction: Why $1.40 Could Be Next

Ripple appears to be in a challenging position, and the chart is not concealing it.

XRP Price is firmly entrenched within a steep descending channel, consistently recording lower highs and lower lows without any significant pause. Each bounce over recent months has been quickly sold off, indicating that sellers remain firmly in control.

XRP is currently trading in the $1.55 to $1.60 range, an area that serves as weak support rather than strong demand. The bearish structure persists as long as the price continues to adhere to the channel and fails to reclaim previously broken levels.

Source: XRPUSD / TradingView

The RSI is positioned near 27, placing XRP deep within oversold territory. This opens the possibility for a short-term relief bounce, but being oversold does not equate to bullishness. It merely indicates that selling pressure is extended.

For any substantial change, XRP requires a daily close back above $2.20. This level would break the channel and shift momentum. Until that occurs, rallies are merely noise.

If Bitcoin continues to decline, this chart suggests potential movement toward the $1.40 region, where the next significant demand resides. This scenario aligns well with the prevailing risk-off sentiment.

At present, XRP appears to exhibit late-stage weakness rather than early recovery. A bounce may occur, but conviction remains absent.

Cardano Price Prediction: 2024 Lows Are Gone, What Comes Next?

Despite the damage incurred, there remains a bullish perspective worth monitoring.

Cardano is already trading below the 2024 lows, which may seem negative, but this is often where sellers begin to tire. Breakdowns of this nature can evolve into bear traps if there is no follow-through.

The RSI is currently near 32 and beginning to flatten, indicating that downside momentum is losing steam. While this does not confirm a bottom, it does increase the likelihood of a reaction bounce.

If ADA can maintain its position above the $0.28 to $0.29 range and cease making lower lows, a short-term base could begin to form. This would be the initial indication that selling pressure is diminishing.

A daily close back above $0.35 is the critical level to monitor. Such a move would reclaim the broken channel and transition the structure from continuation to recovery.

If this occurs, a move toward $0.42 to $0.45 becomes plausible, particularly if Bitcoin stabilizes. Until then, this remains a delicate setup, but one that is starting to attract interest from contrarians.

Dogecoin Price Prediction: Can This Be The Accumulation Zone Before The Bounce?

Dogecoin appears to be showing signs of fatigue in its downward trend.

The price has been declining within a distinct descending channel, but the latest drop seems more indicative of exhaustion than acceleration. While selling pressure persists, it is not intensifying.

DOGE is currently trading in the $0.10 to $0.11 range, which aligns with a potential accumulation zone. This is typically where weaker hands exit, and patient buyers begin to take notice.

The RSI is hovering near 31, just above oversold territory. Momentum is stretched, which often precedes a reaction move rather than another clean breakdown.

The bullish scenario hinges on stabilization. If DOGE can halt the formation of lower lows and reclaim $0.13 with a daily close, the structure will begin to shift.

A confirmed break above the channel would pave the way toward $0.16 initially, and potentially $0.20 if momentum continues. This would signify a meaningful trend change, rather than mere noise.

Dogecoin remains highly responsive to market sentiment and liquidity. If Bitcoin stabilizes and risk appetite returns, DOGE tends to react swiftly. After all, it is a memecoin.

Bitcoin Still Runs The Market. Bitcoin Hyper Run It Faster.

BTC continues to serve as the foundation of the crypto market, yet its most significant drawback remains unchanged. It is slow, costly to use, and limited when genuine activity begins to increase. That gap is still considerably wide.

Bitcoin Hyper is designed to address this issue. It is a Bitcoin-centric Layer 2 solution aimed at providing rapid, low-cost transactions and smart contract capabilities to the Bitcoin ecosystem, without compromising Bitcoin’s security. The objective is not to replace Bitcoin, but to enhance its usability at scale.

Rather than directing users to other chains for speed, applications, or yield, Bitcoin Hyper keeps everything tethered to BTC. Payments, dApps, staking, and even meme coin creation are part of the roadmap, all developed around Bitcoin instead of competing with it.

Momentum surrounding the project is already gaining traction. The presale has raised over $31,000,000 to date, with $HYPER priced at $0.013635 prior to the next increase. Staking rewards of up to 38% are also being offered, providing early participants with exposure to yields that Bitcoin itself currently does not offer.

If Bitcoin is to maintain its dominance in the long term, enhancing its speed and functionality may prove more critical than the next altcoin cycle. Bitcoin Hyper is banking on that transition.

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