XRP Has Bottomed Out... Analyst Says It Will Reclaim the $3 Level This Month
XRP Has Bottomed Out... Analyst Says It Will Reclaim the $3 Level This Month
XRP has confirmed a strong bottom around $1.10 and is preparing for a rebound. As a result, technical analysts have offered optimistic outlooks suggesting the token could reclaim the $3 level within February.
According to cryptocurrency-focused outlet The Crypto Basic on February 7 (local time), digital asset analyst PhoenixReborn assessed XRP’s recent dip to $1.10 not as a weakness but as a healthy correction and a decisive bottom-forming process ahead of a large rally. He noted that XRP is attracting buying interest and compressing energy in the current range, and predicted a powerful upward move that would sequentially break through previous resistance levels.
PhoenixReborn presented concrete price targets of $2.50 and $3 as achievable within February, explaining that the current correction has not undermined the long-term bullish trend. He particularly emphasized that the $1.10 support level has been firmly maintained, and that technical indicators on the chart have moved out of oversold territory and are sending clear rebound signals. This analysis is drawing investor attention because it closely resembles patterns XRP displayed just before major surges in the past.
Market experts also note that XRP’s resilience stands out even as volatility across the broader cryptocurrency market, including Bitcoin (BTC), increases. With steady inflows from institutional investors and growing optimism over improvements in the U.S. regulatory environment, XRP’s intrinsic value is becoming increasingly solid. This macro backdrop is acting as a key driving force supporting the feasibility of PhoenixReborn’s upside targets.
The accumulation activity of whale investors is another decisive factor reinforcing PhoenixReborn’s bullish scenario. Recent on-chain data showing large addresses aggressively purchasing hundreds of millions of XRP around the $1.10 level serves as a leading indicator that a strong rebound may be imminent. As retail investors also actively join bargain buying after confirmation of the bottom, downside rigidity in the market appears stronger than ever.
Major events scheduled through the end of February, along with network upgrades to the XRP Ledger (XRPL), are expected to provide additional catalysts for price appreciation. PhoenixReborn characterized the current market stagnation as the final gateway before an explosive rally and urged investors to respond with patience. Global investors are watching closely to see whether XRP can build on its $1.10 base and continue an unstoppable advance toward the $3 milestone he has forecast.
*Disclaimer: This article is for investment reference only, and no responsibility is assumed for any investment losses based on this content. The information should be interpreted solely for informational purposes.*
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