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XRP has taken a hit in the last 24 hours, plummeting below the crucial $3 level and losing over 10 cents in the process. This sharp decline has sparked concerns that XRP might be headed for a repeat of its historical February performance. But what does the past tell us, and can XRP break free from its usual February slump?

A Look Back at XRP’s February Performance

According to data from Cryptorank, XRP has an average monthly return of -3.00% for February since 2014. In fact, XRP has only finished in the green four times in the past decade, with its highest percentage return in 2022 at 26.3%. The other three years of positive performances were in 2016, 2019, and 2024, with average monthly returns of 23.8%, 1.13%, and 17.1%, respectively.

On the other hand, XRP’s worst February performance was in 2014, with a 33.4% decline. Other notable declines include 2017, 2018, and 2021, with negative growth of 12.3%, 22.1%, and 14.8%, respectively.

XRP’s February performance has been historically weak, but can it break free from this trend? With a new U.S. administration that’s pro-crypto, analysts believe XRP might just flip the pattern and close February in the green.

While history suggests an average 3% cumulative loss for XRP in February, market observers are cautiously optimistic. They point to the broader cryptocurrency dynamics, which indicate a pro-crypto stance from the new U.S. administration. This could potentially boost XRP’s performance and help it reverse its historical February trend.

As we move forward, it’s essential to keep in mind that past performance is not always indicative of future results. XRP’s fate in February remains uncertain, and only time will tell if it can break free from its historical blues.

Source: Tech | Bitcoinethereumnews.com

The post XRP May Face Sell-Off If History Turns Out True first appeared on CoinBuzzFeed.