XRP Price Recovery Hinges on Bitcoin’s Next Move
2025-02-07
Category: None

XRP recently attempted to break its all-time high but faced strong resistance, triggering a wave of selling pressure. Now, XRP’s fate is closely tied to Bitcoin, with a 0.92 correlation, meaning BTC’s price action could dictate XRP’s next move.

 Key Bearish Signals for XRP:
 
🔻 Supply in Profit Dropped – XRP’s profit supply fell 3% after exceeding 95%, increasing selling pressure.
🔻 Critical Supports Lost – XRP fell below $2.95 and $2.70, now stabilizing around $2.46 with support at $2.33.
🔻 Investor Sentiment Wavers – If more holders sell to lock in profits, further downside is likely.

 Will Bitcoin’s Recovery Lift XRP?
 
📈 Bitcoin Eyes $100K Support – If BTC stabilizes and climbs higher, it could fuel a market-wide recovery.
📈 Key Resistance for XRP – Breaking $2.70 is crucial for upside momentum. A move past $2.95 would invalidate the bearish outlook and set XRP up for further gains.

For now, XRP consolidation below $2.70 remains likely unless Bitcoin regains strength. If BTC pushes past $100K, XRP could follow, marking the beginning of a new bullish wave. 🚀