🚨🚨XRP Price Prediction For February 1
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Looking at the long-term chart, XRP seems to be in the midst of a fifth wave that could complete a longer-term uptrend. Once this wave is completed, it's possible that the market will experience a correction or pullback. These pullbacks could range from a smaller wave four to a larger and more significant correction. While the short-term outlook looks positive, the longer-term view suggests that after the wave five completes, there may be a major retracement.
Key Price Levels to Watch
Short-Term Support: The price has been finding support around key levels, especially on January 27th, where a potential bottom was marked in wave two.
Short-Term Resistance: The $3.40 area remains a significant resistance level. A break above this would target higher prices, with $4.20, $5, and $6.62 as the next potential upside levels.
However, if the price drops below certain levels, it would suggest that the larger wave two correction is still happening.
Potential Risks: Break Below $2.52
The market could still face setbacks, as breaking the all-time high isn't an easy task. If XRP drops below $2.52, it may mean a larger correction is taking place. A move below $2.52 could suggest that wave four is still unfolding as a larger correction, and the $1.96 level would then come into focus
