<figure> 
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 Cover image via <a href="https://u.today/">U.Today</a>
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Bulls keep holding the initiative, according to <a href="https://u.today/doge-shib-bonk-and-wif-price-analysis-for-february-7">CoinMarketCap</a>.
<img data-entity-type="file" data-entity-uuid="f451a516-963e-4003-8cc6-7ec78a82b087" src="https://u.today/sites/default/files/inline-images/top%2010_1.png">Top coins by<a href="https://coinmarketcap.com/"> CoinMarketCap</a>
<h2 class="text-align-justify" id="xrp-usd">XRP/USD</h2>
The rate of XRP has increased by 2.37% over the last 24 hours.
<img data-entity-type="file" data-entity-uuid="0c9646d0-4faa-4bfa-9965-7b806de1019e" src="https://u.today/sites/default/files/inline-images/xrp1_128.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT">TradingView</a>
On the hourly chart, the price of XRP is testing the local resistance level of $0.5181. At the moment, one should pay attention to the candle's closure.&nbsp;
If it happens near that mark, the rise may continue to the $0.5250 zone.
<img data-entity-type="file" data-entity-uuid="86b53805-150e-4d08-9afd-29b20367d40f" src="https://u.today/sites/default/files/inline-images/xrp2_123.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT">TradingView</a>
Bulls are also powerful on the bigger time frame. However, it is too early to make any distant predictions. Only if the rate gets back to the $0.53 area and fixes above it may midterm growth continue.&nbsp;
<img data-entity-type="file" data-entity-uuid="95be3ec2-40ac-4519-b15f-1525bfb31a6b" src="https://u.today/sites/default/files/inline-images/xrp3_117.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT">TradingView</a>
On the weekly chart, the price of XRP is rising after a false breakout of the support level of $0.4959. It means that buyers have the chance to seize the initiative. If they manage to do that, there is a possibility to see a test of the $0.54-$0.56 zone soon.
XRP is trading at $0.5156 at press time.

XRP Price Analysis for February 8

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