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XRP Price Analysis for February 28

Tue, 02/28/2023 - 18:30
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Denys Serhiichuk
Can one expect rise of XRP soon?
XRP Price Analysis for February 28
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The rate of XRP is almost unchanged over the last 24 hours.

XRP/USD chart by TradingView

XRP is looking bullish on the hourly chart as the price is approaching the resistance at $0.38029. If the candle closes near that mark, the accumulated energy might be enough for a breakout to the $0.3850 area.

XRP/USD chart by TradingView

A similar technical pattern can be seen on the daily time frame as the price has reached the resistance at $0.38052. Thus, the volume is rising, which confirms buyers' interest. In this regard, traders may expect the ongoing rise of XRP to the nearest resistance zone at $0.39.

XRP/USD chart by TradingView

On the monthly chart, XRP seems undecided as yet regarding which way to go. In this case, one should pay attention to the interim mark of $0.40. If buyers manage to get back to it and fix above it, the upward move may continue to the $0.45 mark.

XRP is trading at $0.3793 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