XRP price slips below $1.60: How low can it go in February?

💡 DMK Insight

XRP’s bearish chart pattern is raising red flags for traders right now. With the price at $1.50, a potential correction to $1.22 isn’t just speculation; it’s backed by dwindling demand and a drop in open interest. This suggests that traders are losing confidence, which could lead to further selling pressure. If XRP breaks below $1.40, it could trigger stop-loss orders, accelerating the decline. But here’s the flip side: if XRP manages to hold above $1.40 and sees a resurgence in demand, it could bounce back, making this a critical level to watch. Keep an eye on volume trends—if they pick up as the price approaches $1.40, it might indicate a reversal is brewing. For now, monitor these levels closely, as they could dictate your next move in this volatile market.