by Rubab Fatima
The value of XRP dropped hard during the weekend because investors reacted to Trump’s crypto conference. The news about new Bitcoin and altcoin investment strategies caused market participants to rapidly change their investment positions.
On the weekend Ripple’s price dropped 17.8% as investors sold assets right before and after the news. Although leaders in the crypto industry left the summit feeling accomplished market uncertainty drove another round of selling activities.
Key Support Levels: XRP Holds Above $2.10
The value of XRP dropped 17% during the recent weeks. Although XRP remains top among major 5 cryptocurrencies it grew 5.4% since this year began. Many leading coins show more significant drops than XRP does in this period. BTC sales have taken away 11.6% from its value all year while ETH fell 36.4% and Solana dropped by 32.2%.
XRP continues to maintain its price position above $2.10 since this level served as support for two straight weeks. The token returned to its value after hitting this level and later recovered each time traders recognized its key trading point.
Over one day XRP has depreciated by 2.8% while continuing to trade above its essential strategic price range. The recent spike in XRP trading activities shows the strong desire of buyers to buy at these levels. Traders expect XRP to fall towards $1.95 provided it drops below $2.10. They tend to agree on a significant downside scenario reaching $1.72 as the token’s February 3 value base.
The market indicators currently predict that XRP prices will move lower in the short term. The RSI has fallen beneath its tracking indicator while the MACD indicator has turned negative. The market will react more strongly to selling at lower prices based on this development.
MIND of Pepe Gains Traction After a Successful Presale
Many investors are moving away from XRP short-term because they seek better returns from AI-powered tokens. People are drawn to MIND of Pepe since they completed their presale phase impressively.
Using AI tech paired with meme culture MIND of Pepe provides up-to-date market information to users. The AI token receives data from multiple social media platforms including X and spots upcoming profitable opportunities for users.
The AI system will release its own meme coins to token owners and prospective investors first after offering flashy market analysis. Investors are purchasing $MIND tokens during the presale at $0.0034816 due to growing demand before its listing on major exchanges where price growth is expected.
Users can get $MIND through the MIND of Pepe website by exchanging Ethereum, USDT, or BNB or making purchases using their bank cards. The success of XRP depends on its performance to hold its main support zones despite market swings. Despite ongoing market uncertainties buying interest remains high as trading numbers indicate users remain engaged on present prices.
XRP’s future movement will depend on major economic signs and investor confidence for the following weeks. The cryptocurrency industry evolves regularly as AI-based initiatives such as MIND of Pepe attract new market investors away from conventional tokens like Bitcoin and XRP.
#blockchain #crypto, #decentralized, #distributed, #ledger
This news is republished from another source. You can check the original article here
