Ripple XRP Eyeing 20% Gains in February Rebound: Is $0.60 Within Reach?
Is Ripple (XRP) poised for a significant recovery in February? After a sluggish start to the year in the digital asset sector, Ripple (XRP) is promising a 20% gain in a possible February recovery. The token is showing signs of a potential end to its decline.
Ripple (XRP) Price is hovering above the $0.50 on Friday Jan. 26, with monthly losses approaching the 20% mark, market indicators signal imminent rebound phase. Since hitting a peak of $0.63 on the opening day of 2025, XRP price has entered a steep 19% correction phase as it tumbled toward the $0.50 area at the time of writing Jan. 26.
XRP Price Analysis: The Path to 20% Gains
XRP’s price is nudging the lower Bollinger Band around $0.50, which traditionally serves as a pivot point for price movements. A rebound from this level could see XRP aiming for the 20-day simple moving average (SMA) at $0.56, potentially leading to a 20% gain if the momentum is sustained.
Ripple (XRP) price peaked at $0.58 on Feb 12, gaining 12% within the weekly time frame thanks to strategic acquisition announced by the Ripple team. Although XRP has entered a 7% pullback ripple xrp eye percentage gains february 2025 rebounding asmr crypto news angel angels.
Key Resistance Levels to Watch
If the bulls can stage a rebound as predicted, XRP price could hit the 20-day simple moving average (SMA) at $0.56 before facing a major resistance. A decisive breakout of above that area could see XRP price rise 20% toward $0.60.
Will XRP achieve its projected 20% gain in February? Keep checking back for further updates on XRP's price action and potential rebound!