XRP Bulls Charge Ahead: Weekend Price Surge

XRP Price Prediction for March 1

As the weekend begins, bulls are attempting to regain control of the XRP market, according to CoinStats. The price of XRP has risen by 6.42% over the past day, indicating a potential shift in sentiment.

On the hourly chart, XRP is currently trading within a local channel, with support at $2.1216 and resistance at $2.2157. Given that most of the daily Average True Range (ATR) has been surpassed, significant price movements are unlikely to occur in the near future.

Looking at the bigger picture, XRP is far from its main levels. Traders should focus on the interim zone of $2.10. If a breakout occurs, a test of the $2 mark could be imminent.

From a midterm perspective, XRP's price is approaching support at $1.8991. If the weekly bar closes around this level, it could signal an ongoing decline towards the $1.60 zone.

At the time of writing, XRP is trading at $2.1651.