XRP Price Prediction For February 18
Ripple’s XRP is currently down by more than 2%, with testing levels below $2.70. However, XRP has increased by more than 8% over the past seven days. As of now, XRP is testing the previous resistor zone between $2.58 and $2.73. Prices have been struggling to surpass the $2.79 level after a major rally in February lows.
This is a key area worth paying attention to, as if XRP could turn this resistance to support, it would mark a potential continuation. However, the price is still in the beta phase and it has not been confirmed to be a solid level of support.
Key support and resistance levels
If the price cannot be maintained At this level and close $2.58 on the daily chart, a breakthrough attempt will be considered unsuccessful. In this case, XRP can go back to the next major support zone between $2.25 and $2.30, which was a significant support before. Below this, additional support can be further provided, but these levels need to be closely monitored.
The next major resistance is $2.79, which could indicate a potential continuation of $3 if violated. However, as long as XRP stays below $2.79, price action may remain under downward pressure.
Bearish divergence
Currently, the bearish difference on the daily chart is large and can also be seen in the 3-day chart. This bearish difference is still working and if XRP falls below $2.58, it may continue, causing the price drop in the next support zone.
Short-term callback
The recent short-term pullback in XRP prices can be attributed to this bearish divergence. Because of the higher price, while the RSI shows a lower high, a bearish difference is formed. This usually results in a callback or a lateral price action.
