Key assistance levels: $ 0.75, $ 0.70
Key Resistance Level: $ 0.89, $ 1
The price of XRP is approaching support at $ 0.75 after its attempted increase was rejected. While the trend remains stable for XRP, it looks like the price is condensing into the current pattern, which could push it to attempt a major breakout.
Ideally, the price should try to escape from this range so that momentum and volatility can return to XRP. Until then, the resistance at $0.89 will continue to pose a major challenge for bulls.
Technical indicators
Trade volume: Volume has remained stable over the past few days as XRP was unable to provide enough momentum to break out of the current price range.
RSI: The daily RSI is making higher lows which is a bullish signal. The RSI has to move above 50 points as staying just above the oversold area is not a sign of strength.
MACD: The daily MACD is about to complete a bullish cross. However, current market conditions may postpone this as ETH and BTC appear bearish at the time of this article.
Bias
The current XRP bias is neutral. A break away from the current range will change this bias.
Short-term prediction of XRP price
While there are some hints of optimism, XRP appears to be stuck in a flat trend. So far, the support level at $ 0.75 has held up well and it could be tested again before a major move can take place.
