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XRP has been trading within a reasonable range, leading traders to speculate whether the next movement will result in a breakout or another decline. According to EGRAG CRYPTO, long-term holders who acquired XRP below $1 during previous dips have been the ones to gain the most.
In July 2023, XRP experienced a significant increase of 230%, but not without enduring two major pullbacks of 54.65% and 59.73% beforehand.
#XRP – Mimicking Levels, but Only the OGs Purchased Below $1!
In July 2023, #XRP saw a remarkable surge of approximately 230%
, followed by an extended range. However, it subsequently faced two significant declines of 54.65% and 59.73%, creating excellent buying opportunities!
… pic.twitter.com/Z06lDvqyws
— EGRAG CRYPTO (@egragcrypto) February 9, 2025
, followed by an extended range. However, it subsequently faced two significant declines of 54.65% and 59.73%, creating excellent buying opportunities! If history is any indication, we may be looking at another substantial buying opportunity. Applying the same percentage drops to the recent high of $3.40, XRP could revisit levels around $1.54 and possibly $1.37.
While there are no guarantees, traders observing historical patterns consider these to be important accumulation zones.
Is XRP Preparing for a Breakout?
Currently, XRP is fluctuating between Fib 0.5 at $2.45 and Fib 0.382 at $2.27, indicating it is in a consolidation phase.
If it can surpass the 21-day EMA at $2.70, it may gain momentum. The real test, however, lies at Fib 0.702 at $2.80—a breakout above this level would confirm that bulls are regaining control.
#XRP – 21 EMA and Fib 0.702 Analysis:
Currently, #XRP may range between Fib 0.5 ($2.45) and Fib 0.382 ($2.27), with potential wicks to both the upside and downside towards Fib 0.618 ($2.65) and Fib 0.236 ($2.06).
Key Levels to Watch for #Bullish Continuation :
1⃣Daily… pic.twitter.com/JIAYZj1Wo5— EGRAG CRYPTO (@egragcrypto) February 8, 2025
Currently, #XRP may range between Fib 0.5 ($2.45) and Fib 0.382 ($2.27), with potential wicks to both the upside and downside towards Fib 0.618 ($2.65) and Fib 0.236 ($2.06).Conversely, XRP’s upper range is between $2.06 and $2.65, so if it struggles to maintain support, we could witness further declines.
That said, even if XRP falls below $1.77, it does not necessarily indicate the end of the bullish trend. Historical patterns suggest that rapid recoveries have occurred previously.
What’s Happening With XRP Now?
XRP is currently trading at $2.39, down 1.53% in the last 24 hours. Despite retaining its position as the fourth-largest cryptocurrency with a market capitalization of $138 billion, the momentum still appears to favor sellers.
The 50-day EMA at $2.55 is acting as a ceiling, limiting price movement. Additionally, there is a descending trendline around $2.50, which XRP has struggled to break through.
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Compounding the situation, the “three black crows” candlestick pattern on the 4-hour chart indicates that bearish momentum remains in effect.
If XRP can hold at $2.25, we may see another attempt at recovery. However, if that level fails, $2.01 and $1.76 become the next downside targets.
On the upside, reclaiming $2.50 would be the first step toward a rebound, with $2.71 and $2.91 identified as key resistance levels.
While assets like XRP contend with market volatility, Solaxy ($SOLX) is establishing its niche by addressing scalability and transaction costs on Solana.
Solaxy ($SOLX): Solana’s First Layer 2 Scaling Solution
Solaxy ($SOLX) is making waves as Solana’s inaugural Layer 2 scaling solution, aimed at alleviating network congestion and significantly lowering transaction fees. As Solana’s adoption grows, the demand for faster, cost-effective transactions is increasing—and Solaxy is stepping in to fill that gap.
Why Solaxy is Gaining Traction
Investors are taking notice. Over $19 million has been raised in its presale, and the project has garnered a rapidly expanding community of over 66,000 followers. Beyond merely enhancing scalability, Solaxy ensures seamless interoperability with Ethereum and other major blockchains, positioning itself as a crucial infrastructure upgrade.
One of Solaxy’s notable features is its high-yield staking, offering 214% APY, with over 5.37 billion $SOLX tokens already staked. As the presale approaches its final phase, the current price stands at $0.00163, with the next increase just around the corner.
Final Call Before the Next Price Increase
With rising adoption and Solana users seeking scalability solutions, Solaxy positions itself as a significant player in the ecosystem. If you are considering an early entry, now is the time to act before the next price surge.
The post Price Breakthrough Forecast: The Next XRP Rally May Be Here Soon appeared first on Cryptonews.
