Key Support Levels: $0.58, $0.50
Main Resistance Levels: $0.65, $0.70
After a rough last week, XRP has found a good support level at $0.58, which has halted the downtrend at least momentarily. Resistance is not too far and sits at $0.65. Considering this price action, it could be that the bulk of this correction is behind us, and a relief rally could follow.
technical indicators
trading volume: After a very strong sell-off last week, volumes are coming down. This explains why the price stayed above the key support.
RSI: Daily RSI is found in oversold territory and is trying to move higher. The first attempt was rejected, but the current price action could lead to another attempt.
MACD: The daily MACD remains bearish, and a consolidation period may be required before any reversal takes place.
Partiality
Current XRP is biased recession, However sellers are losing interest in taking it less.
Short term prediction for XRP price
It appears that one of the more likely scenarios, at least for now, is for XRP to consolidate rather than drop further. If the bulls manage to break the key $0.65 resistance, XRP is likely to rally towards $0.70.