In periods when Bitcoin lost acceleration, subcoins tend to come to the fore. XRP Coin is also trying to evaluate this opportunity. However, will the price increase by 27 %of the price is a more optimistic prediction, or will the XRP suspects unfair?
The price of XRP Coin decreased from $ 3.40 %to 27 %in the last month and fell to $ 2.30. However, despite this decrease, the RSI did not give an excessive purchase signal, that is, there is still the potential to recover in the market.
According to the latest data, the amount of funds from the XRP reached $ 123 million. This great output points to a deterioration in the demand and supply balance. So, is this the beginning of a new bull cycle or another bull trap?
Is the opportunity window opening for XRP Coin?
Usually when Bitcoin moves horizontally, investors turn to subcoins and seek short -term earnings opportunities. The XRP/BTC parity seems to follow this trend. In the last three days, he gained value against the BTC and recovered from the support level that enabled the old summit to rise to $ 3.40. According to the current data:
- XRP Coin provided three times more return than Bitcoin.
- There were more than $ 4 million liquidation in short positions.
- Futures Open positions (OI) increased by 1.4 %.
- Increased purchase orders was observed.
This shows that investors are interested in XRP and some of the capital from Bitcoin flow to XRP. If this trend persists, it is not impossible for XRP to reach $ 3.40 again from its current levels.
However, the $ 2.50 level stands out as an important resistance and the market volatility is still high. Therefore, the XRP needs to get more support for a strong recovery.
Risks in the market
The total value of the crypto market increased by 1.57 %, ie new capital inflows. However, crypto currencies with high market value still cannot catch their old summits.
- Macroeconomic uncertainties make investors uneasy, while interest in large crypos decreases.
- Short -term Hype and speculative transactions continue to direct the market.
- As long as whales continue to sell, the long -term rise of XRP seems difficult.
However, the re -strengthening of the XRP/BTC parity shows that the price may be consolidated below $ 2.50. If whales start to accumulate again or give a general market recovery signal, a new wave of rise may begin for XRP.
Could XRP Coin be a good investment for February 2025?
For now, the probability of a 27 %sudden rise seems low. However, considering the power wars in the market, it is more likely that the XRP will be consolidated before having a major break.
If the whales are re -purchased or the market captures a general bull wave, the XRP may exhibit a strong rise movement. So Hodl can be a long -term strategy that can gain.
