Main Support Levels: $0.70
Major Resistance Levels: $0.96, $1
XRP bulls did not allow the price to drop to the key support level of $0.70 and bought it at the start around $0.75, causing the price to reverse the upward trend. Now, the cryptocurrency is rising today and has crossed $0.80. If this momentum continues, XRP may soon test the key resistance at $0.96.
technical indicators
trading volume: Despite this most recent price increase, volume continues to decline. It’s not ideal, but buyers can step up their game if the price keeps up.
RSI: Daily RSI is rising and if this action continues, it will gain further momentum. The RSI has formed a higher level which is a good bullish signal.
MACD: The daily MACD is bullish, and the moving averages are pointing upwards again. This is a good sign. If XRP price can close in the green for a day or two, the histogram will move higher as well, confirming that a new rally is upon us.
Partiality
The current XRP bias is bullish.
Short term prediction for XRP price
XRP is preparing for another push, closing in on key resistance at $0.96. The only suspicious signal that can invalidate this bias is the current volume which is declining. Ideally, the volume should go up during the rally. This is a sign of caution.
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Cryptocurrency charts by TradingView.