XRP Price Prediction for February 20

The market might have entered a sideways trend, according to CoinMarketCap.

XRP/USD

The rate of XRP has increased by 1.81% over the last 24 hours.

On the hourly chart, the price of XRP is looking bullish as it is approaching the resistance of $0.5730. If the daily bar closes around that mark, there is a chance to see a breakout, followed by a blast to the $0.5750-$0.58 zone.

On the bigger time frame, the growth of XRP continues. However, the price is far from the resistance level of $0.5776. If buyers want to keep the midterm rise going, they need to return the rate above the mentioned mark.

If that happens, the accumulated energy might be enough for a test of the $0.59-$0.60 area.

From the midterm point of view, it is too early to make any predictions, as a few days remain until the bar’s closure. However, if the candle closes above $0.58, traders may witness a continued rise to the $0.60 mark.

XRP is trading at $0.5710 at press time.

Source