XRP Price Prediction For February 23
Latest analysis of the XRP price list suggests that cryptocurrencies may have reached their lowest point and predict a potential uptrend. From XRP’s daily chart, the price has been trading sideways, bounced between major support levels and resistance. The price currently faces resistance between $2.65 and $2.80. The downside is the massive support of about $2.50, and below this, the stronger support zone is between $2.25 and $2.30.
Resistance level
According to Josh, an analyst at the crypto world, the main resistance zone for XRP is between $2.65 and $2.80. The price has not exceeded this range yet, and upward movement is still limited until it does so. If XRP can be turned off at a height of $2.80 with a confirmation candle, we may see a continuous upward movement to $3. However, once it reaches $3, the price may encounter resistance again near this level.
Support level
On the downside, XRP has a support rate of around $2.50. If the price is below this level, there is a greater support range between $2.25 and $2.30. If the price fails to maintain these levels, it may indicate further downside potential.
Long-term forecast
Over a larger timeframe, XRP began rallying in July and has been following a potential upward structure. The key support area is between $1.20 and $1.27, and the bullish outlook remains intact as long as the price exceeds this range. The lateral range between $1.20 and $4.20 is a common pattern for XRP and may last for a while. Current price movements suggest that the upside potential may remain incomplete, with a break above the previous high of $2.65 to $2.80 that could indicate the $5-$6 target range for the next cycle.
