XRP Price Prediction For February 17
Ripple’s XRP has earned an impressive 18% over the last seven days and is currently trading at $2.75. Before the reversal, the third largest cryptocurrency hit $2.80. XRP’s price action in the upcoming meeting will be shaped by key support and resistance levels. As for Bitcoin, the price trading is below the important resistance level and fails to establish a clear trend. Bitcoin is currently trading at $96,500, down more than 2% in the past 24 hours.
Possible bullish scenarios
If XRP goes up at the price of $2.79 to $2.80, the next upward target could be $2.96 and $3.30. A strong breakthrough could push the price further toward $4.19 or even $5. However, further mergers are always possible before the market sees a clear breakthrough above the resistance level.
What’s next for XRP?
If the price decisively exceeds the current resistance, it may drive towards a new high. But be aware of potential withdrawal support areas. The analyst’s reanalysis volume is about $2.80, with the ultimate goal being an all-time high of $3.40.
Current trend overview
The price held a strong rally in November, surpassing its 2021 high of $1.96. It went into the correction side pattern after hitting a high price of $2.90 in early December. The market has been volatile, but the scope is still large. However, the price received support of about $1.95 in early February, a level that could be key to future price movements.
Key support level (medium term)
XRP supports ranges from $1.96 to $2.35. The lows rally around February 3 are currently in play, but some experts believe prices may still lower the support area until a major breakthrough.