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XRP Price Analysis for February 22

Wed, 02/22/2023 - 19:00
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Denys Serhiichuk
How poweful is XRP against other cryptocurrencies?
XRP Price Analysis for February 22
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Bears are not going to give up, according to the CoinMarketCap ranking.

Top coins by CoinMarketCap


XRP is the exception to the rule, rising by 0.70% over the past 24 hours.

XRP/USD chart by TradingView

On the hourly chart, the price of XRP is coming back to the recently formed local support level at $0.3848. If the closure happens near or even below it, the accumulated energy is supposed to be enough for a continued fall to the $0.38 zone.

XRP/USD chart by TradingView

On the daily time frame, the situation is similar, as the price of XRP has continued to decline after a failed attempt to fix above the $0.40 mark. Likewise, the breakout of the $0.3811 level can be a prerequisite for an ongoing drop to the $0.36-$0.37 area.

XRP/BTC chart by TradingView

XRP is looking bullish on the daily chart against Bitcoin (BTC) as the price is testing the support level at 0.00001643. The volume is rising, which means that buyers keep controlling the situation. All in all, the breakout of the mentioned mark, followed by the impulse to 0.00001681, is the more likely scenario until the end of the month.

XRP is trading at $0.3869 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at