XRP price has rebounded from a low of $1.76 on February 3, but it remains below a critical resistance level. Analysts suggest that if XRP can reclaim the 50-day simple moving average (SMA), it could avoid a potential crash of 30%. Historically, reclaiming this trendline has preceded significant price rallies. For instance, after reclaiming the 50-day SMA on November 10, 2024, XRP experienced a 520% rally. It has also shown similar bullish movements in July and August 2024. However, despite the recovery, XRP is currently within a bearish continuation pattern known as a bear flag, which indicates possible further declines if support levels do not hold. The bear flag has a downside target of approximately $1.70, indicating a 30% potential drop from current price levels. Analysts highlight the importance of the $2.40 support level, with a breakdown below it signaling further risk for XRP investors. This analysis underscores the volatile nature of cryptocurrency trading and the importance of cautious investment strategies.

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