XRP Price Analysis for February 28

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

XRP/USD

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

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.

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.

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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