XRP dipped below $3, historically struggling in February. Traders hope Ripple’s U.S. crypto reserve move boosts demand and flips the trend.
XRP just slipped below $3, dropping over 4% in the past 24 hours. While that might not seem huge, history says February isn’t usually kind to XRP. Since 2014, February has averaged a -3% return, making it one of the coin’s weaker months.
Looking at the stats, XRP has only had four good Februarys—2016, 2019, 2022, and 2024. The biggest gain was in 2022, with a 26.3% jump, but most of the time, losses have been more common, including a brutal 33.4% crash in 2014.
But is this year different? Perhaps. With XRP already 3% down, most of its losses during the month of February in the past have been less than 10%. Therefore, even if it struggles this month, it may not fall that hard. Besides, the crypto market is looking strong, and U.S. regulators are warming up toward crypto.
The biggest game-changer? Ripple joining the U.S. crypto strategic reserve. If approved, demand would spike, thus driving XRP towards $4.
For now, XRP changes hands at $2.98, losing 3.69% with a volume of $4.46 billion. Traders now look to see whether this can finally mark an end to its losing streak in February.
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