XRP price slips below $1.60: How low can it go in February?

XRP’s bearish chart pattern signaled a possible price correction toward $1.22, fueled by declining demand and open interest.

XRP (XRP) price dropped below $1.50 over the weekend, its lowest level in over 14 months. Now, a bearish technical setup on the charts suggests that the downtrend may extend throughout February.

Key takeaways:

XRP’s bear pennant on the four-hour chart targets $1.22.

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