XRP had seen a green week following a price increase of over 24%. Since yesterday, Ripple has surged by almost 9%. Key Support level: %excerpt%.70 Key Resistance levels: %excerpt%.96, Ripple’s XRP continued higher during the weekend despite the lower volume and negative crypto sentiment. However, the XRP price has not yet managed to chart a higher high, and the key resistance at %excerpt%.96 remains the critical level to watch. In addition, the support at %excerpt%.70 has not been retested (and confirmed as support). This gap can never close, but for a healthy uptrend, XRP should retest and find support at %excerpt%.7. Chart by TradingViewTechnical Indicators Trading Volume: After a decent amount of volume during last week’s rally, XRP calmed down this weekend (typical), but volume remained stable. RSI:
Topics:
Duo Nine considers the following as important: Ripple (XRP) Price, XRP Analysis, xrpbtc, xrpusd
This could be interesting, too:
Jordan Lyanchev writes How High Can Ripple (XRP) Go With Gary Gensler Out of the Picture? (AI Bots Analyze)
George Georgiev writes Ripple (XRP) Price Pumps 5% Following News that Gary Gensler Will Quit
Dimitar Dzhondzhorov writes Top Ripple (XRP) Price Predictions as of Late
Dimitar Dzhondzhorov writes Important Binance Announcement Affecting Certain XRP, ADA, and DOGE Traders: Details
XRP had seen a green week following a price increase of over 24%. Since yesterday, Ripple has surged by almost 9%.
Key Support level: $0.70
Key Resistance levels: $0.96, $1
Ripple’s XRP continued higher during the weekend despite the lower volume and negative crypto sentiment. However, the XRP price has not yet managed to chart a higher high, and the key resistance at $0.96 remains the critical level to watch.
In addition, the support at $0.70 has not been retested (and confirmed as support). This gap can never close, but for a healthy uptrend, XRP should retest and find support at $0.7.
Technical Indicators
Trading Volume: After a decent amount of volume during last week’s rally, XRP calmed down this weekend (typical), but volume remained stable.
RSI: The daily RSI is curving back up after a short correction from the overbought territory. We should keep an eye on Monday’s price action as that will decide where XRP is headed next.
MACD: The daily MACD remains bullish, but the histogram makes lower highs. This may indicate the first signs of weakening bullish momentum. However, it is too early to call a correction.
Bias
The current XRP bias is bullish.
Short-Term Prediction for XRP Price
If the momentum persists, XRP is likely to test the critical resistance zone at $0.96 – $1 in the coming week. Success there would propel XRP to consolidate above the coveted $1 mark. Nevertheless, best to be cautious as the crypto market appears a bit indecisive, which may impact XRP’s price action.