XRP Price Prediction For February 20
Ripple’s XRP is currently in the green zone, trading above $2.70 after garnering 6% in the past 24 hours. According to analysts XRP’s price in the daily time range is currently retesting the obvious resistance zone between $2.65 and $2.80. The field has previously caused multiple rejections, which makes monitoring it on the next day at a critical level. If the resistance of $2.80 exceeds and turns to support, the next major resistance point will be about $3.
Potential bullish pattern
A breakthrough above $2.80 may indicate a bullish “cup and handle” pattern formation. However, this pattern has not been confirmed. For verification, $2.80 is required to close every day. If a breakthrough occurs, the technical price target will approach an all-time high of $3.37, less than $3.40.
Short-term prospects: please confirm
Currently, XRP prices may continue to face resistance in the $2.65-2.80 range. Another rejection at this level is possible, confirming the essential for breakouts before assuming bullish movement. In terms of support, XRP supports very little, close to $2.50. Below this, the next important support zone is $2.25 to $2.30.
Short-term bullish differences: signs of relief
The short-term bullish difference has been confirmed, which invalidates the former bearish difference in the past week. Prices previously formed lower lows, while RSI showed higher lows, which meant the potential for bullish relief rally. Currently, this relief is as expected. This divergence suggests that in the short term or at least lateral price action, the resistance is close to $2.80.
