XRP ended January in a mixed pattern of consolidation and intermittent gains. Its price hovered around $1.60 and $2.10 for most of the month, with extremes of $2.41 and $1.54.

It enjoyed steady interest from retail and institutional investors, and volatility was contained, with brief spikes above $2.10 followed by pullbacks. Despite the fluctuations, XRP maintained key support levels, positioning itself for potential upward movement this month.

February XRP Price Prediction

PhoenixRebornfounder ExtraVOD (@ExtraVOD_) recently shared a prediction for February, stating, “Bottom is set around $1.23 or $1.30. The Moon Out From There Toward $4.20 – $10.”

Compared to XRP’s current price of approximately $1.61, this forecast suggests a significant upside. The lower bounds indicated by ExtraVOD provide a near-term floor, while the upper estimates indicate strong bullish potential if momentum builds.

Can XRP Hit These High Targets?

Several factors could help XRP reach these targets. Institutional interest remains active. ETF flows showed improvement. toward the end of January, signaling renewed buying pressure. Such inflows reduce the circulating supply available on exchanges, supporting upward price movement.

Whale accumulation could also contribute to XRP’s growth in February. Large holders have been consistently acquiring XRP, reflecting confidence in the token’s potential. A massive whale also recently opened a $2.17 million long position on the asset. These actions often stabilize the market during consolidation periods and can trigger sharp gains when momentum returns.

Technical trends further support bullish prospects. XRP has maintained support over the past month, and recent patterns show a potential retest of historic resistance levels. A notable analyst recently unveiled an Elliott Wave sequence that could send XRP to $7, placing it within ExtraVOD’s predicted range.

A decisive break from current levels could attract additional buying from traders monitoring key price points. Momentum indicators suggest potential acceleration if XRP closes above current resistance zones around $2. Continued monitoring of trading volume will be crucial to confirming a breakout and sustaining upward movement.

What’s Next for XRP?

Investors should recognize that short-term dips are possible before XRP resumes its upward trend. ExtraVOD set a low of $1.23-$1.30, suggesting a pullback before XRP begins climbing. Such pullbacks are natural and may provide opportunities for accumulation.

Historical patterns suggest that these temporary declines do not hinder the token’s ability to recover quickly. With strong institutional interest and ongoing whale accumulation, XRP is positioned to rise significantly in February.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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