Saturday introduced untypical volatility within the cryptocurrency markets, which, this time, was favorable for the bears as all digital property turned purple with substantial day by day losses.
Ripple’s XRP was not spared because it plunged to its lowest place since November 2024 (on most exchanges) at simply over $1.50. It has rebounded barely since then and now sits above $1.60, however the general sentiment continues to be extremely bearish.
CryptoWZRD, for instance, outlined the token’s bearish closure in opposition to the greeback. Nonetheless, the analyst with over 100,000 followers on X outlined the primary optimistic information for XRP shortly – the closure in opposition to BTC.
They famous that the XRP/BTC pair closed with a “dragonfly doji,” which is usually thought-about a bullish transfer.
XRP Every day Technical Outlook:$XRP closed bearish whereas XRPBTC closed with a dragonfly doji which is a robust bullish candle. My focus might be on the decrease timeframe chart. In the course of the Month-to-month transition, we should always see extra volatility led by Bitcoin
pic.twitter.com/RUtgdrjof9
— CRYPTOWZRD (@cryptoWZRD_) February 1, 2026
ERGAG CRYPTO, among the many most vocal proponents of Ripple’s cross-border token, outlined a number of completely different paths for XRP going ahead. They imagine the flash crash on Saturday was seemingly a liquidity seize that might lead to an instantaneous bounce.
Nonetheless, there’s additionally the prospect for a dead-cat bounce that might result in one other retracement, which might be a second liquidity seize. If historical past rhymes, although, the analyst envisions an enormous rally within the following months of as much as 1,600% because it occurred after the same construction shaped within the 2017 cycle.
If such a run certainly transpires now, XRP might skyrocket to properly inside double-digit value territory, which seems fairly unthinkable in the intervening time, however the asset has confirmed prior to now that it’s able to comparable rallies.
#XRP – 33 EMA Breakdown ≠ Sport Over (UPDATE):
On the month-to-month chart, #XRP simply tagged the Central Line + 33 EMA round $1.60–$1.61 ( The Dip was to $1.50)
— EGRAG CRYPTO (@egragcrypto) February 1, 2026
The submit Ripple’s XRP Plunged to 14-Month Low: What’s Good, What’s Dangerous, and What’s Subsequent appeared first on CryptoPotato.