Ripple Price Analysis: XRP Stuck in Consolidation, Big Move Coming Soon?


Main levels of support: $0.70

Key Resistance Level: $0.85

The momentum just wasn’t there over the weekend to drive the price higher, leading to today’s decline towards key support at $0.70. The resistance at $0.85 is still a long way off and XRP seems unable to muster sufficient strength to go higher at this time.

Technical Indicators

Trading Volume: The low volume has sucked out the momentum from XRP which appears to suffer a pullback at the time of this post.

IRS: The daily RSI has failed to reach a high so far. XRP simply needs more volume and momentum to go higher.

MACD: The daily MACD completed a bullish crossover last Friday. This is good news for buyers, but the histogram shows a lack of momentum since the crossover.


The current XRP bias is neutral. The cryptocurrency has so far failed to move higher and lacks volume.

Short-Term Prediction for XRP Price

If the buyers manage to take over, then XRP can finally resume its uptrend towards the key resistance at $0.85. The current price action is stuck in a range and XRP showed very little commitment to break away.


Read Previous

Mars4 Metaverse NFTs Sold in Less Than 24 Hours, $250,000 Secured

Read Next

Bitcoin and Ethereum Positive Catalysts to Watch Out for in 2022: IntoTheBlock

Leave a Reply

Your email address will not be published. Required fields are marked *

Right Menu Icon