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Sujit Kumar
Feb 4, 2025
by Sujit Kumar

XRP Surges 42% After Crash – Can It Maintain Momentum?

XRP Surges 42%

Table of contents

  1. Price Drop and Key Support Levels
  2. Can XRP Hold Above $2.00?
  3. Market Outlook
XRP recently witnessed one of its most dramatic price swings, surging 42% after a steep drop. The sudden recovery allowed quick traders to secure nearly 50% profits, but it also raises concerns about the asset’s long-term stability.

Price Drop and Key Support Levels

XRP’s sharp decline led to a panic sell-off, pushing the price below two key support levels—$2.62 and $2.16. Although the rapid rebound helped the asset recover, the market remains uncertain.

From a technical standpoint, buyers do not seem as strong as in previous uptrends. If selling pressure increases, XRP could test the 200 EMA support level at $1.60.

Can XRP Hold Above $2.00?

For XRP to maintain its recovery, it must stay above the $2.00 mark. Failing to do so could lead to further declines, with $2.16 being the next critical level to watch.

On the upside, a breakout above $3.00 would signal renewed buying interest and a more sustained recovery. Until that happens, XRP remains in a volatile zone, with the potential for another sharp move in either direction.

Market Outlook

XRP’s historic rebound highlights both its resilience and the risks associated with extreme volatility. Traders should remain cautious and watch for confirmation of a sustained uptrend or another potential drop.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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XRP Surges 42%
XRP Surges 42% After Crash – Can It Maintain Momentum?
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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