Saturday introduced untypical volatility within the cryptocurrency markets, which, this time, was favorable for the bears as all digital belongings turned crimson with substantial each 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 $1.60, however the total sentiment continues to be extremely bearish.
CryptoWZRD, for instance, outlined the token’s bearish closure in opposition to the greeback. Nonetheless, the analyst with over 100,000 followers on X outlined the primary constructive information for XRP shortly – the closure in opposition to BTC.
They famous that the XRP/BTC pair closed with a “dragonfly doji,” which is usually thought of a bullish transfer.
XRP Day by day Technical Outlook:$XRP closed bearish whereas XRPBTC closed with a dragonfly doji which is a powerful bullish candle. My focus will likely be on the decrease time-frame chart. Through the Month-to-month transition, we must 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 consider the flash crash on Saturday was doubtless a liquidity seize that might end in an instantaneous bounce.
Nonetheless, there’s additionally the possibility 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 a large rally within the following months of as much as 1,600% because it occurred after the same construction fashioned within the 2017 cycle.
If such a run certainly transpires now, XRP might skyrocket to properly inside double-digit worth territory, which seems moderately unthinkable for the time being, however the asset has confirmed up 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 put up Ripple’s XRP Plunged to 14-Month Low: What’s Good, What’s Bad, and What’s Next appeared first on CryptoPotato.
