XRP at $6 or $0.489: Experts Say It Must Secure a Stable Break Above $1.4
XRP has reached a critical technical inflection point that could determine its fate, standing at a crossroads between a historic surge to $6 and a steep سقوط to $0.489.
According to crypto-focused outlet The Crypto Basic on February 23 (local time), XRP is currently locked in an intense battle at a level where key resistance and support lines intersect. Market analysts describe the current price movement as a significant signal that could determine the long-term trend for years to come, noting that interactions at specific price levels will be decisive. For XRP to secure strong upward momentum, it must first decisively break through and stabilize above the psychological resistance levels of $1.11 and $1.4.
If the bullish scenario materializes, XRP could replicate its historic rally and potentially surge vertically to the $6 mark. Analysts predict that such an explosive price discovery phase would begin if large-scale whale inflows coincide with accelerating institutional adoption. In particular, the formation of a golden cross among major moving averages, creating a strong support base, adds weight to the possibility of an upside breakout.
On the other hand, the downside risk cannot be ignored if support levels fail to hold. Should the $1.11 support collapse and selling pressure overwhelm the market, warnings suggest the price could retreat to as low as $0.489. Such a bearish scenario could unfold alongside macroeconomic headwinds, rapidly cooling investor sentiment and potentially resulting in losses exceeding half of asset values for market participants.
The XRP market is currently experiencing heightened volatility amid large-scale movements by whale investors and shifts in open interest. As Bitcoin (BTC) continues to act as the directional anchor for the broader digital asset market, the key question is how strongly XRP-specific catalysts will exert their influence. Rather than reacting to short-term fluctuations, investors are closely monitoring whether long-term trend lines break down while formulating strategic responses.
The digital asset market is expected to establish a new pricing order as it passes through this technical inflection point. XRP’s price trajectory will likely be determined by changes in global economic indicators and the regulatory environment. For now, the market is keeping both upward and downward possibilities open, closely watching for tangible changes in trading volume and the pace of supply-demand stabilization at critical price levels.
Disclaimer: This article is for investment reference only and we are not responsible for any investment losses resulting from its use. The content should be interpreted for informational purposes only. <저작권자 ⓒ 코인리더스 무단전재 및 재배포 금지>
|
많이 본 기사
English 많이 본 기사
|