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XRP Price Prediction for February 20

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Tue, 20/02/2024 - 16:00
XRP Price Prediction for February 20
Cover image via www.tradingview.com

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

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Top coins by CoinMarketCap

XRP/USD

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

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Image by TradingView

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.

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Image by TradingView

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. 

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

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Image by TradingView

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.

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