Main navigation

XRP and ADA Price Analysis for February 7

Tue, 7/02/2023 - 15:25
XRP and ADA Price Analysis for February 7
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

The market is trading neutral as some coins keep rising, while others have entered a correction phase.


Top coins by CoinMarketCap


The rate of XRP is almost unchanged over the last 24 hours.

XRP/USD chart by TradingView

On the daily chart, XRP remains under the bears' pressure as the rate keeps trading near the support level. The selling volume is high, which means that it is too early to think about a reversal.

Ethereum (ETH) Price Analysis for February 6

If the candle closes near the $0.39 mark or below it, there is a high chance to see the breakout of the support, followed by a drop to the $0.37-$0.38 zone.

XRP is trading at $0.3970 at press time.


Cardano (ADA) has already entered a correction phase, going down by 0.47%.

ADA/USD chart by TradingView

From the technical point of view, Cardano (ADA) is trading similarly to XRP as the rate is too far away from the resistance to keep the rise. In this case, the breakout of the interim mark of $0.38 may lead to the test of the support at $0.3678. Such a scenario is relevant until the end of the week.

ADA is trading at $0.3880 at press time.


Latest Press Releases

Is Bitcoin Mining Legal? Regions in the World Where Mining Is Legally Permissible
Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program
AI Analysis Launches The AIA Mastercard – The Future of Crypto-Fiat Transactions
VAP Group hosts the majestic Global Blockchain Show 2024 in Dubai
Digital Transformation Week Is Returning to Santa Clara This Summer
Arab Financial Services (AFS) Enter Strategic Alliance with Xpence to Innovate SME Financial Management in Bahrain
Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024
What To Expect from The Bitcoin Halving in April 2024
Testnet Launch for dWallet Network - Composable Modular Signature Network
ETH Denver Top Builders Base by Supermoon, Cointelegraph, NDC, Horizen, & Conflux
Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding
Chromia’s Flagship Game ‘My Neighbor Alice’ Unveils 2024 Roadmap
First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days
CoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network
Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event
Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024
Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland
Bridging the Data Trust Gap: 2024 RegTech Confab Set to Unlock Africa’s Economic Potential
ApeX Protocol Partners with Alertatron to Enhance Automated Trading Capabilities
TeachMeCode Institute Announces Grand Opening of Cutting-Edge Dubai School
Our social media
There's a lot to see there, too

Popular articles