XRP Below $1.60: What’s Next for February?

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XRP’s bearish chart pattern signaled a possible price correction toward $1.22, fueled by declining demand and open interest.

XRP price dropped below $1.50 over the weekend, its lowest level in over 14 months. Now, a bearish technical setup on the charts suggests that the downtrend may extend throughout February.

XRP’s bear pennant on the four-hour chart targets $1.22.

XRP futures open interest dropped to $2.61 billion, which gives some hope for the bulls.


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