XRP had seen a green week after a price increase of over 24%. Since yesterday, Ripple is up about 9%.
Main Support Levels: $0.70
Major Resistance Levels: $0.96, $1
Ripple’s XRP continued higher during the weekend, despite low volume and negative crypto sentiment. However, XRP price has yet to chart a higher higher, and the key resistance at $0.96 remains an important level to watch.
Furthermore, the support at $0.70 has not been retested (and has been confirmed as support). This gap may never close, but for a healthy uptrend, XRP must test again and find support at $0.7.
technical indicators
trading volume: After a decent amount of volume during last week’s rally, XRP has calmed down (normal) this weekend, but volume has remained stable.
RSI: The daily RSI is trending back up after a slight correction from the overbought zone. We should keep an eye on Monday’s price action as it will decide where XRP is headed next.
MACD: The daily MACD remains bullish, but the histogram is making lower highs. This may indicate the first signs of a weak bullish trend. However, it is too early to call reform.
Partiality
Current XRP is biased fast,
Short term prediction for XRP price
If the momentum holds, XRP is likely to test the key resistance area at $0.96 – $1 in the coming weeks. A breakout there would prompt XRP to consolidate above the coveted $1 mark. Nevertheless, it is best to remain cautious as the crypto market seems a bit uncertain, which could affect the price action of XRP.
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Cryptocurrency charts by TradingView.