Ripple chart on February 7: XRP/USD is still a bear case

XRP/USD is still a bear case despite the recovery from lows.
A move above $0.30 is needed to mitigate immediate bearish pressure.

Tanya Abrosimova Independent Analyst

Ripple's XRP has recovered from Wednesday’s low $0.2878 to trade marginally above $0.29 by press time. The second largest coin by market value cannot gain upside momentum, which might signal that we are in for another leg down.

Looking technically, XRP/USD is supported by the lower boundary of the triangle at $0.2850. If this barrier is out of the way, the sell-off may continue with the next focus on $0.2815 (the lowest level since December 15) and psychological $0.28.

The bearish development looks likely, considering an emerging reversal of the Relative Strength Index (RSI).

Meanwhile, a sustainable move above $0.30 will mitigate the immediate bearish pressure and allow the coin to extend the recovery towards $0.32 (the upper line of the above-said triangle). This resistance is closely followed by another strong barrier $0.3240 created by SMA100 (4-hour) and the upper boundary of the broken horizontal channel. Once broken, the price will proceed to the next bullish aim at $0.33 and $0.3383 (January 31 high).

XRP/USD, 4-hour chart

Author

Tanya Abrosimova

Independent Analyst

Injective token surges over 13% following the approval of the mainnet upgrade proposal

Injective price rallies over 13% on Thursday after the network confirmed the approval of its IIP-619 proposal. The green light for the mainnet upgrade has boosted traders’ sentiment, as the upgrade aims to scale Injective’s real-time Ethereum Virtual Machine architecture and enhance its capabilities to support next-generation payments.

Solana Price Forecast: SOL slips below $82 as hawkish Fed tone sparks risk-off sentiment

Solana is trading below $82 at the time of writing on Thursday after failing to break out of the upper consolidation range over the weekend. The Minutes from the Federal Open Market Committee on Wednesday kept interest rates unchanged, but a less dovish tone that followed dampened risk appetite and pressured risky assets.

Warren warns crypto bailout would enrich Trump family biz: Report

Senate Banking Committee ranking member Elizabeth Warren has reportedly sent a letter to Treasury Secretary Scott Bessent and Federal Reserve chair Jerome Powell, urging them not to bail out “cryptocurrency billionaires” with taxpayer dollars.

Top Crypto Gainers: World Liberty Financial, Sky, and Cosmos confront major resistance

World Liberty Financial, Sky, and Cosmos rank among the top gainers over the last 24 hours but face critical overhead resistance levels. WLFI gained momentum at the World Liberty Forum, an invite-only conference held at Mar-a-Lago by US President Donald Trump’s family, while SKY and ATOM reversed off a crucial support level.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: BTC bears aren’t done yet

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.