Oh dear, hold onto your digital wallets, folks! The once-glorious dream of XRP is now looking more like a nightmare after it decided to take a nosedive, plummeting 41% to the delightfully low price of $1.121. Remember when everyone thought it was going to the moon? Well, it seems we missed the rocket launch and ended up in the basement instead.
Just 17 days ago, U.Today threw out a wild prediction that if the $1.88 Bollinger Band midline went kaput, XRP could end up in the realm of $0.20. Fast forward two weeks, and guess what? That prediction has morphed from a quirky anecdote into a terrifying reality show, complete with dramatic music and plenty of liquidations to keep us all on the edge of our seats.
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So here we are, XRP hitting rock bottom like it’s auditioning for a tragic soap opera. February opened with a bang-well, more like a thud-as it fell right below the Bollinger midline without even trying to give it a little wink first. And what does that mean? It means a full-band collapse setup is officially in the works. Grab your popcorn!
Is it time to worry about XRP price?
The last time XRP closed below that pesky Bollinger midline after a multimonth rally, it was 2018. Spoiler alert: it didn’t end well. We’re talking about two years of price suppression that would make anyone want to crawl under their desk and hide. And guess where the current downside magnet is? Yep, you guessed it, the lower band, chilling at around $0.336.
If February decides to close below $1.60 and can’t manage to reclaim that midband with any gusto, we might be looking at a slow bleed towards the $1 zone. And if it goes below $0.99? Well, let’s just say we’ll need to check on those -88% predictions because they might just start looking like a reasonable forecast.
For those who were banking on breakout bets since the November 2024 liftoff, it’s time to grab your magnifying glasses and re-evaluate. Every monthly candle that closes below $1.918 just gives more weight to the $0.20 target. It’s almost like watching a train wreck in slow motion, but with fewer explosions and more sad faces.
Either way, XRP has lost its bullish protection level, and it’s not looking too pretty. Stay tuned for the next episode of “As the Crypto World Turns!”
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2026-02-06 14:40