- Ripple retraces over 50 percent after massive gains
- XRP bulls must protect the $0.34 critical level to avoid dipping further
- Successfully closing the day above $4 coils see XRP/USD pair rise towards $1.0
Ripple Price Prediction: General price overview
Ripple price action surged by more than 50 percent to $0.75 in what is suspected to be an organized price pump, only to shed over 50 percent a couple of hours later. The XRP/USD pair flashed a bullish flag since the latter stages of the previous week, over the weekend, and yesterday on February 1. This was an ideal consolidation for the XRP community, with the cryptocurrency surging past $0.50 to hit $0.758 for the first time this year.
Ripple is currently hovering above $0.38 after the sharp decline from the 2021 high of $0.758. The bulls hoped for support at $0.70 and $0.40; however, they failed to be commensurate with the situation. Ripple started the day trading at $0.370. So far, the Ripple price action has ranged between $0.3401 — $0.3960. XRP boasts a trading volume of $32.6 billion over the last 24 hours, and its value has declined by 34.23 percent over the same timeframe. At press time, the Ripple XRP is trading at a market price of $0.3711.