XRP (XRP-USD) Battles to Stay Above $2.35 – Will Bulls Prevent a Crash Below $2?
Ripple’s XRP Faces a Sell-Off as Traders Exit – Is This the Bottom or Just the Beginning of a Deeper Decline? | That's TradingNEWS
Is XRP (XRP-USD) Headed for a Crash Below $2 or Ready to Rebound?
Ripple’s XRP is struggling to maintain footing after a 7.8% drop, bringing the price to $2.35, with recent lows at $2.30. This decline is part of a broader crypto market sell-off, triggered by macroeconomic fears and over $152.35 million in XRP futures liquidations. Long positions have taken a heavy hit, contributing to $106.70 million in losses as traders panic over uncertain price action. The question now is whether this downturn presents a prime buying opportunity or signals a deeper drop toward $1.50 support levels.
How is U.S. Job Data Impacting XRP’s Price? Will the Fed Delay Rate Cuts?
A stronger-than-expected U.S. jobs report has sent shockwaves through risk markets, including XRP. Prediction markets estimated 238,000 jobs were added in January, well above Wall Street’s forecast of 169,000, reducing the urgency for Federal Reserve interest rate cuts. With rate-cut expectations dwindling—current probabilities of a March rate cut standing at just 14.5%, down from 36.1% last month—investors are rethinking their exposure to speculative assets like cryptocurrencies. This shift in sentiment has dragged XRP lower, with investors favoring safer alternatives in a high-rate environment.
Crypto Fear Rises Despite Bullish XRP ETF Developments – Are Traders Overreacting?
Despite a wave of positive news, including XRP ETF filings by WisdomTree, Bitwise, 21Shares, and Canary, XRP continues to slide, shedding over 18% in the past week. Market sentiment has turned from “greed” to “fear”, largely driven by the Feb. 3 crypto crash, which was triggered by renewed trade war concerns under Trump’s presidency. Adding to XRP’s woes, derivatives traders are fleeing, with open interest (OI) plunging 55% in three weeks, signaling a significant decline in trader participation. Why are traders ignoring these bullish catalysts, and could this mean XRP is severely undervalued?
Whales Are Accumulating XRP – Should Investors Follow Their Lead?
Amid the chaos, whales have acquired 520 million XRP tokens, taking advantage of the recent price dip. This signals that institutional investors are eyeing long-term upside potential. At the same time, XRP’s funding rate remains positive at 0.0024%, but far below its December peak of 0.0966%, reflecting a shift in market sentiment. Could this be the accumulation phase before XRP makes a major comeback, or are whales preparing to dump at higher resistance levels?
XRP Price Outlook – Can Bulls Push Back to $3, or Is $1.50 the Next Stop?
XRP is currently retesting a critical bullish continuation pattern, with price action hovering near key support. Technical indicators show that if XRP holds above $2.20, a rebound toward $2.80-$3.07 is possible. However, failure to maintain this support could open the door for a drop to $1.95 or even $1.50 if selling pressure intensifies. The RSI sits at 36.78, indicating a weakening buying trend, and a continued decline could push XRP into oversold territory, triggering another wave of selling.
With XRP stuck in a pivotal range, traders must watch for a breakout above $2.40, which would signal a reversal, or a breakdown below $2.00, which could confirm a deeper bear move. The next few days will be crucial in determining whether XRP can regain momentum or if another sell-off is coming.
