XRP Price Prediction For February 9
Ripple’s XRP is currently trading below $2.50 and has entered the red zone. XRP’s price is currently in a short-term rebound from a support area that is between $2.25 and $2.30. According to Josh, an analyst in the crypto world, XRP will break this support level, with the daily candle closing price below $2.25, and the next key support level to watch is around $1.95 to $2. Currently, the price in this support area is rising.
Resistance level to be viewed
As XRP continues to rebound, it faces resistance from $2.58 to $2.73. This area is crucial for surveillance. If XRP breaks through this resistance and closes $2.73 on the daily chart, we can see the next resistance level is about $2.95, followed by $3.20, $3.30 to $3.40. These levels will be the main obstacles to overcome prices.
Bearish divergence: Still active but paused
Large bearish differences are still in play, meaning prices may drop in the long run. However, there is no clear signal that invalidates this bearish difference. However, in the short term, the bearish divergence seems to be a “pause”. With the market eased slightly, this pause could continue over the next few days.
Bulsive 8-hour chart divergence
On the 8-hour chart, there is a bullish divergence. This means that despite the lower price drop, the Relative Strength Index (RSI) shows higher lows. This is often seen as a signal of potential upward movement or at least some lateral action. Historically, bullish differences like this tend to work over a few days, which can lead to short-term appreciation.
