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 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
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The market has not decided which way to move yet as the prices of some coins are falling while others are growing, according to <a href="https://u.today/binance-coin-bnb-price-analysis-for-february-2-0" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="3157521a-46c4-4291-b065-50861c476a92" src="https://u.today/sites/default/files/inline-images/top10_920.png">XRP chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="xrp-usd">XRP/USD</h2>
XRP has gained a lot of value today, rising by 4%. <img data-entity-type="file" data-entity-uuid="71c0c7c7-9ff6-41b1-b4f9-d663740f01c9" src="https://u.today/sites/default/files/inline-images/xrp1_127.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of XRP has set a local resistance level at $0.5247. If the daily bar closes near it, one can expect a breakout to the $0.53 zone tomorrow. <img data-entity-type="file" data-entity-uuid="10c904f3-007d-4698-abcd-6ef32d91e8a3" src="https://u.today/sites/default/files/inline-images/xrp2_122.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, one should pay attention to the candle's closure. If it happens near the current prices, the upward move may continue to the $0.54 zone shortly. <img data-entity-type="file" data-entity-uuid="4fafc2dc-881b-42fe-80e8-6884f514f3ab" src="https://u.today/sites/default/files/inline-images/xrp4_8.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, the rate of XRP has made a false breakout of the previous bar low at $0.4959.&nbsp;
If it closes above the $0.51-$0.52 zone, traders may expect sideways trading between $0.52 and $0.54 until mid-February.
XRP is trading at $0.5225 at press time.

XRP Price Analysis for February 3

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