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coinpedia 2025-02-18 03:31:56

XRP Price Prediction For February 18

XRP Price Prediction For February 18

The post XRP Price Prediction For February 18 appeared first on Coinpedia Fintech News Ripple’s XRP is currently down by more than two percent and is testing levels below $2.70. However, in the last seven days, XRP is up by more than 8%. As of now, XRP is testing a previous resistance zone between $2.58 and $2.73. After a significant rally from the February low, the price has struggled to break past the $2.79 level. This is a crucial area to watch because if XRP can flip this resistance into support, it would signal a potential continuation upward. However, the price is still in the testing phase, and it has not yet confirmed this as a solid support level. Key Support and Resistance Levels If the price fails to maintain this level and closes below $2.58 on the daily chart, the breakout attempt will be considered unsuccessful. In that case, XRP could move back toward the next major support zone between $2.25 and $2.30, which was significant support previously. Below that, additional support is available further down, but these levels need to be closely monitored. The next significant resistance lies at $2.79, and if breached, it could signal a potential continuation towards $3. However, as long as XRP stays below $2.79, the price action is likely to remain under downward pressure. Bearish Divergence Currently, there is a larger bearish divergence on the daily chart, which is also visible on the 3-day chart. This bearish divergence is still in play, and if XRP drops below $2.58, it will likely continue, leading to a price pullback toward the next support area. Short-Term Pullback The recent short-term pullback in XRP’s price can be attributed to this bearish divergence. Since higher highs were seen in the price while the RSI showed lower highs, a bearish divergence formed. This typically leads to a pullback or sideways price action.

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