XRP
XRP and ADA Price Analysis for February 20
Bulls keep controlling the situation on the market despite bears’ pressure. XRP/USD XRP has followed the rise of Bitcoin (BTC), going up by almost 2%. XRP is looking bullish on the daily chart as the candle is about to close near the resistance at $0.40466. If that happens, the accumulated energy might be enough for midterm growth to the zone around $0.43. Such a scenario is relevant until mid-March. XRP is trading at $0.40548 at press time.
ADA/USD Unlike XRP, the rate of Cardano (ADA) has declined by 0.55%. Despite today’s decline, the price of Cardano (ADA) has once again bounced off the support level at $0.3957 and is currently trading above the $0.40 zone, which means that buyers are not ready to give up so easily.
If the bar closes with no long wicks, the upward move may continue to the resistance level at $0.42.
