 ▲ XRP (XRP) / ChatGPT-generated image |
XRP has entered a critical turning point that could determine its future direction, as it loses upward momentum and drifts just ahead of the strong psychological and technical resistance level of $1.8, according to recent analysis.
On February 7 (local time), crypto-focused media outlet The Crypto Basic reported that although XRP has maintained a sharp upward trend recently, it has failed to decisively break through the key level of $1.8, heightening caution among investors. Cryptocurrency analyst Egrag noted that for XRP to enter a true bull market, it must establish a convincing price structure above $1.8; otherwise, the asset may continue to trade in a sluggish, uncertain range.
Egrag described XRP’s current position as a decisive zone that will determine whether the uptrend can be sustained. If XRP clearly breaks above and stabilizes at $1.8, strong buying pressure could push prices toward the next target of $2 or higher. For now, however, a tense tug-of-war continues between buyers and sellers. Egrag added that without a breakout accompanied by strong trading volume, a short-term price correction would be unavoidable.
Despite active on-chain activity within the XRP Ledger (XRPL) and ongoing accumulation by large holders, resistance levels on the chart remain firm. While the number of daily active addresses on the XRP network has reached an all-time high, strengthening fundamentals, concerns over heightened volatility are growing as open interest in the futures market surges. The $1.8 level is serving not merely as a price target, but as a key gauge of market participants’ conviction.
If XRP repeatedly fails to break through $1.8 and comes under downward pressure, there is a risk that prices could retreat toward the major support level around $1.4. Experts caution that the current period of uncertainty could present both opportunities and risks for investors, emphasizing the need for thorough risk management. The broader cryptocurrency market sentiment, including Bitcoin (BTC), is expected to have a significant influence on whether XRP can achieve a breakout.
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