XRP Price Prediction February 10, 2025: Today's Trends and Scenario

Bittime - At the moment, XRP is the fourth largest crypto asset in the world after Bitcoin, Ethereum and Tether, with a market capitalization that has reached $139 billion.

Some things can influence XRP price, such as legal cases with the SEC, Trump's victory in the 2024 US elections. So, what is the short-term prospect of this asset? Read this article to find out the XRP price prediction for February 10, 2025!

XRP Price Performance Today

Source: Bittime.com

On February 9, 2025, XRP was trading in a range $2.4170, recorded an increase of 0.30% compared to the previous day. 

The market is showing volatility with daily lows at $2.3787 and highest in $2.5052. 

The total market capitalization of XRP stands at approx $139 billion, indicating strong investor interest despite recent price fluctuations.

Read Also: XRP Price Prediction to Increase in 2025, Here's the Reason! 

Historical of XRP Price Movement 

Early 2024: XRP starts 2024 at around $0.5242.

End 2024: After Donald Trump's victory in the US presidential election in November, XRP experienced a sharp increase of up to 500%, reaching $2.6 before correcting. So in December, the price of XRP closed at $2.16, marking a year-on-year increase of 250% despite selling pressure.

January 2025

On January 16, XRP reached ATH at $3.41 after breaking resistance at $3,002. However, because of profit-taking and market uncertainty, XRP price consolidated between $2.94 and $3,272. Then on January 28, XRP price stabilized at $3,051, representing a 482.2% year-over-year increase.

February 2025

On February 4, XRP traded at $2.71, down 10.11% from 7 days earlier, but still showing rebound potential. Then on February 8, XRP traded between $2.34 and $2.53, with an increase of 1.94% in the last 24 hours.  

Factors Affecting XRP Price

Some of the main factors influencing the current price of XRP are as follows.

1. Legal Developments: The outcome of the SEC vs Ripple lawsuit remains an important factor. A win for Ripple could cause prices to skyrocket due to reduced regulatory uncertainty, potentially attracting institutional investors.

2. Adoption and Partnerships: Ripple's expansion of partnerships and its role in the ISO 20022 standard for financial messaging could substantially increase the demand for XRP in global transactions.

3. Technology advances: Ripple's ongoing development efforts aimed at improving transaction efficiency and security could attract more adoption and increase the price of XRP.

Read Also: XRP Price Analysis is Stable Even though the Crypto Market is Crashing 

Technical Analysis and XRP Price Prediction February 10

Current Price: $2.4170

1. Level Support: If XRP is able to maintain the support level at $2.40, the price of XRP may rebound towards $2.80 or even rise to $33. A break below $2.30 could push the asset to deeper support levels at $2.00 or even $1,603.

2. Level Resistance: If XRP is able to break the major resistance level at $2.60, the price of XRP has the potential to see a further rise towards the $3,001 mark.

Read Also: XRP ETF: If Approved, New York Stock Exchange Will List 

Potential of XRP Price Scenarios 

1. Bullish Scenario: XRP price has the potential to reach $4 by the end of February 6.

2. Bearish Scenario: If selling pressure remains strong and fails to maintain the support level, XRP may drop to $1.99, marking its lowest level in 2025.

3. Consolidation Scenario: XRP is likely to stabilize in the $2.4 to $2.6 range.

Read Also: 4 Ripple Strategies: RLUSD, Asset Tokenization, Impact on XRP Price 

Conclusion

As of February 9, 2025, XRP is in a dynamic phase influenced by historical trends and legal cases with the SEC.

Short-term predictions remain optimistic with upside potential, but market investors must remain alert to possible corrections and changes in market sentiment. 

With solid support levels and bullish indicators present, XRP price February 10 should remain closely watched in the coming days.

Read Also: Ripple Plans to Launch XRP Depository Receipts, What Are They? 

XRP FAQs

What is XRP and what is its use?

XRP is a digital asset created by Ripple Labs and designed to facilitate cross-border payments. XRP blockchain technology enables transactions in just a few seconds with very low fees making it ideal for international money transfers and micropayments.

What is the Difference Between XRP and Other Cryptocurrencies Like Bitcoin?

XRP supports a cross-border payment system with a focus on speed and cost efficiency, different from Bitcoin which functions more as a store of value and investment tool. In addition, XRP uses a consensus mechanism that does not require mining so it is more energy efficient.

How much is 1 XRP USD?

Currently, 1 XRP is worth $2.41 according to Coinmarketcap. 

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Author: IPR