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XRP Price Analysis for February 4

Sat, 02/04/2023 - 19:00
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Denys Serhiichuk
Can XRP rise faster than other altcoins?
XRP Price Analysis for February 4
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The weekend has started positively for bulls, according to CoinMarketCap's ranking.

Top 10 coins by CoinMarketCap


The rate of XRP has risen by 0.42% over the last 24 hours.

XRP/USD chart by TradingView

On the local time frame, the rate has broken the resistance at $0.4221 and is trying to fix above it. If that happens, the impulse may continue to the $0.416 mark shortly.

XRP/USD chart by TradingView

The situation is not so clear on the daily chart as the price is stuck in the middle of the channel. Volatility has declined, which means that XRP has not decided which way to move.

Ethereum (ETH) Price Analysis for February 3

At the moment, one should pay attention to the interim mark at $0.42. If bulls can fix the price above it, there is a high chance to reach the resistance level at $0.4328 shortly.

XRP/USD chart by TradingView

XRP is trading sideways on the weekly time frame against the low volume. Respectively, traders might see the altcoin in the wide range of $0.40-$0.42 by the end of the month.

XRP is trading at $0.4122 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