News View Non-AMP

XRP Price Prediction For February 21

Published by
Anjali Belgaumkar

Ripple’s XRP is currently down by more than two percent and is trading at $2.64. The cryptocurrency is currently facing significant resistance between the $2.65 and $2.80 levels. This suggests the price could continue to struggle around these points in the short term. XRP has erased the majority of the gains made in the seven days. The broader market sentiment also remains mixed, with Bitcoin struggling to break above the crucial $98k mark and Ethereum is also stuck below the $3000 mark.

Support Levels to Watch

On the downside, support can be found around the $2.50 level. According to analyst Josh of Crypto World, a drop below this could lead to further support between $2.25 and $2.30. These levels are important to monitor as they may indicate where price stability could form if the bearish trend continues.

Resistance Beyond $2.80

Should XRP break above the $2.80 resistance level, additional resistance is expected around the $3 mark, followed by another resistance zone near $3.20.

Possible Bullish Cup and Handle Pattern

If XRP manages a confirmed breakout above $2.80, there’s potential for a short-term cup and handle pattern to form on the daily timeframe. If validated, this pattern could signal a higher low and indicate a bullish shift in market sentiment. A breakout could result in significant bullish momentum over the next few days or weeks.

Short-Term Analysis: Bullish Divergence

On the 2-hour chart, XRP has recently shown a bullish divergence, the opposite of the previous bearish divergence that led to a pullback. Bullish divergences generally result in a short-term relief rally or sideways price action. Although the RSI is approaching oversold territory, it hasn’t yet reached that level, and the bullish divergence remains intact for now.

FAQs

Why Is XRP Going Down Today?

XRP is down due to resistance at $2.80, broader market uncertainty, and Bitcoin’s struggle to break $98K, impacting overall sentiment.

Is It Worth Investing in XRP Now?

XRP’s potential breakout and bullish signals may attract investors, but market volatility and resistance levels should be considered before investing.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Top 3 Best Cryptos to Buy Now for Under $1 — One of Them Is Still at $0.025

Not all high-potential cryptocurrencies come with high price tags. In fact, some of the most…

April 22, 2025

WhiteBIT Reveals the First Participants for ICTC 2025: The Ultimate Crypto Trading Cup

WhiteBIT, Europe’s largest crypto exchange by traffic, has officially announced the initial lineup of participants…

April 22, 2025

Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Price Hit $1?

Story Highlights The price of Dogecoin today is . Dogecoin price may reach a maximum…

April 22, 2025

Token Unlocks Worth $235M Could Shake Up Crypto Markets This Week

This week, between April 21–28, tokens worth over $235 million are scheduled to be unlocked…

April 22, 2025

Cardano Price Prediction 2025, 2026 – 2030: Will ADA Price Hit $2?

Story Highlights The live price of the Cardano token is . ADA coin price could…

April 22, 2025

Solana Price Prediction 2025, 2026 – 2030: SOL Price Targets $500 Next?

Story Highlights Solana Price Today is . Solana coin price could reach a potential high…

April 22, 2025