XRP (XRPUSD) Price Is Growing
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XRP (XRPUSD) Price Is Growing

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Azeez Mustapha

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XRP (XRPUSD) Price Forecast: February 16

Amidst the recent downturn in the broader market, the XRP market price is growing and remains positive, breaking out from the 4-hourly resistance of $1.559. The bulls are currently gaining strength. According to the chart structure, the coin may continue its bullish movement if buyers increase their activities aggressively. The token may surge to a prior peak value of $1.940 and extend to an upper resistance level of $1.950, resulting in an intraday gain for coin investors and a more optimistic future for the cryptocurrency.

Key Levels:
Resistance Levels: $1.558, $1.559, $1.600
Support Levels:    $1.382, $1.381, $1.380

XRP (USD) Long-term Trend: Bullish (4H Chart)

The XRP price is growing and experiencing a notable upsurge in its long-term view.
XRP (XRPUSD) Price Is Growing The coin price is trading above the moving averages, suggesting a bullish momentum. Thus, the recent market structure has favored the bulls.

The sustained bullish pressure pushed the crypto price to a $1.499 level before the end of yesterday’s session and enabled the price to remain firm above the supply levels in its recent high.

At the time of writing, the market price of XRPUSD is at a $1.559 supply level above the EMA-50 on the 4-hourly chart, suggesting that the price is growing.

Thus, a possible breakout from the mentioned supply level will provide a higher float for buyers and prolong the ongoing recovery.

Hence, there is a tendency for the XRP market to continue growing and rise further, as indicated by the daily signal implying an upside position.

Thus, if all support holds, the token price may reach the upper resistance at $1.950, showing high investor interest in the asset in its long-term perspective.

XRP (USD) Short-term Trend: Bullish (1H Chart)

Upward pressure still dominates the XRPUSD market as the price continues to grow in the medium-term outlook. The price currently trades above the moving averages, affirming its bullish trend.
XRP (XRPUSD) Price Is Growing The bulls’ pressure at the $1.504 resistance level during the last session has enabled the price to rise above the supply levels in its recent correction.

XRPUSD Price Is Growing

$XRP is growing—success is blossoming! #XRP. Buyers are leading in the coin market, bringing hope for the asset as it grows on.

Today, the XRP market value surges to a $1.559 high mark above the moving averages as the 1-hourly chart opens, suggesting that the price is growing and signaling strong market optimism.

Therefore, an aggressive push from the current price will put the cryptocurrency in a bullish trend and may further extend to the upper region, leading to a pump in the coin price as demand continues to soar for the XRPUSD platform.

In addition, with the daily stochastic pointing upwards, we can expect more bullish action if all the support holds in place.

Given this, the token price might jump to the $1.940 upper high level, as the crypto price keeps growing in its lower time frame.

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