NewsBTC

7 February 2025

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XRP Price Could Gain 40% as Analyst Suggests Buy Level at $2

Crypto analyst ProjectSyndicate predicts a potential 40% increase in the price of XRP. The recommendation is to buy and hold XRP at around $2, anticipating a rise to $2.80.

XRP Price Forecast Highlights

• Current price is approximately $2.45, experiencing a 3% decline in 24 hours.
• The price is in correction mode after retesting its all-time high.
• A further drop to $2 is expected before a potential rally.
• Analyst ColdBloodedCharter identifies buy-the-dip levels between $2.50, $2.25-$2.30, and $1.90-$2.
• CasiTrades suggests this pullback could be the final low before significant upward movement.

Market sentiment remains bearish, with XRP currently ranked fourth by market cap, falling behind USDT.