
XRP Price Prediction For February 21
Ripple’s XRP is currently trading at $2.64, down by more than two percent. The cryptocurrency is facing significant resistance between the $2.65 and $2.80 levels, suggesting that it may continue to struggle around these points in the short term.
Despite erasing most of its gains made over seven days, XRP’s price has not yet confirmed a bearish reversal. If XRP breaks above the $2.80 resistance level, additional resistance is expected at $3 and then at $3.20.
A potential bullish cup and handle pattern may form on the daily timeframe if XRP successfully clears the $2.80 hurdle. This could indicate a higher low and potentially reverse the current bearish trend.
On the downside, support can be found around the $2.50 level. If XRP drops below this mark, it’s likely to find further support between $2.25 and $2.30.
A short-term bullish divergence has recently appeared on the 2-hour chart. This phenomenon often precedes a relief rally or sideways price action, suggesting that XRP may not continue its downward trend for long.
Source: coinpedia.org