The post RIPPLE PRICE ANALYSIS & PREDICTION (February 10) – XRP Gathers Momentum While Consolidating, Where is it Heading Next?  appeared on BitcoinEthereumNews.com.

The general market outlook is still much in favour of the bulls in the long term, although the recent crash has caused a little setback. Amid consolidation, XRP decides the next move after losing 1% in a week. Since XRP managed to push back above the critical $2 level, which provided support for the past two months, the market has remained quiet as it keeps consolidating at around $2.4. This little consolidation phase indicates a lack of interest over the past few days as it slowly gathers momentum for the next move. A fall from this phase could bring us back to the recent low before locating a threshold. Failure to hold this low well may result in a deeper correction, capable of resetting the market under $1 The daily volume indicator is another thing to consider for a possible extension in the bearish move. A continuous drop in this volume may result in more dips until a shift occurs. Now, there’s not enough capital inflow. Meanwhile, the market currently sits above $2.3. If XRP bulls act up this price level, we may see a strong bounce back to form a double-bottom pattern. Such a pattern should set the market up for a new major run. But of now, the bulls appear weak as they are yet to show signs of interest. XRP’s Key Level To Watch Source: Tradingview If XRP breaks down from the brief consolidation phase, it may reclaim the $2.2 and $2 levels along with the last week’s $1.9 low. A further breakdown from these levels could dip the price to $1.63 and $1.28 In the case of a buy, the potential resistance for a test is $2.66, followed by $3. Passing through all these resistance levels should bring us back to the $3.4 top with a…

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Filed under: News - @ February 10, 2025 7:24 pm