XRP Price Prediction For February 21
Ripple’s XRP is currently down more than 2%, trading at $2.64. The cryptocurrency currently faces significant resistance between $2.65 and $2.80. This suggests that prices may continue to struggle around these key points in the near term. XRP eliminates most of the gains in seven days. The broader market sentiment is also mixed, with Bitcoin struggling to surpass the crucial $98K, and Ethereum is also trapped under $3,000.
Watch support level
On the downside, support can be found around the $2.50 level. According to crypto analyst Josh The world is below this, which could lead to further support between $2.25 and $2.30. These levels are important for the level monitored, as they may indicate where price stability may form if the bearish trend continues.
Resistance exceeds $2.80
If the XRP exceeds the resistance level of $2.80, the additional resistance is expected to be around $3, and then another resistance zone is close to $3.20.
Possible bullish cup and handle pattern
If the XRP management confirms a breakthrough of more than $2.80, it is possible to form short-term cup and handle patterns over the daily time frame. If proven, this pattern may indicate higher lows and indicate a bullish shift in market sentiment. A breakout could lead to a significant bullish momentum over the next few days or weeks.
Short-term analysis: bullish differences
On the 2-hour chart, XRP recently showed bullish divergence, which was contrary to the previous bearish difference, which led to a decline. Bullish differences often lead to short-term relief gatherings or lateral price action. Although RSI is close to oversold territory, it has not yet reached this level, and the bullish divergence remains intact.
