XRP Market Faces Challenges as Bearish Signals Strengthen Downward Trend
On February 2, 2025, XRP fluctuated between $2.57 and $2.61, with a market cap over $150 billion and daily turnover of $12.19 billion.
XRP’s market shows a dominant bearish trend, as resistance at $2.75 holds strong and support hovers at $2.50. If support breaks, XRP could dip towards $2.40. The RSI and MACD signals support a pessimistic outlook, while the four-hour chart shows XRP underperforming key moving averages, reinforcing downward momentum.
A breach below $2.50 could push XRP towards deeper support levels. However, a close above $2.75 may signal a reversal, but confirmation requires consistent demand and breaking the $2.91 resistance.
Clever Robot News Desk 2nd February 2025
