XRP has flipped $0.65 to support, but the path to $1 is still challenging

XRP attempted to break the key $0.65 resistance on Friday, with the price consolidating above this level since then. The question is whether $0.65 can be tested and confirmed as support for XRP to continue moving higher.

  • Major support levels: $0.65, $0.58
  • Major resistances: $0.70, $0.79

So far, XRP has had a green weekend and held above $0.65, which has now flipped into support.

XRP has flipped

There appears to be a pause in momentum, indicating some hesitation in the price action. The next challenge for XRP is to break the key resistance at $0.70, which should pave the way for a retry of $1.

XRP has flipped 065 to support but the path to

Source: TradingView

Technical indicators

Trading Volume: Volume is down on Fridays and Saturdays and volume on Sundays is quite low.

RSI: The daily RSI has made a higher high, so a pullback is likely. This will retest the key $0.65 support before moving higher.

MACD: The daily MACD is still bullish and has enough momentum behind it even considering Sunday’s low volume. The chart continues to make higher highs than the uptrend.

1644196530 702 XRP has flipped 065 to support but the path to

Source: TradingView

The current XRP trend is bullish. However, the $0.7 resistance does not leave much room for price action without a pullback or consolidation.

Better keep a close eye on today’s price action to gauge XRP’s next move.

Short term prediction for XRP

XRP turned bullish over the weekend while holding a key support level. If the momentum holds, a break above $0.7 is likely. However, a break of $0.7 is quite challenging as sellers are likely to battle resistance before letting XRP surge higher towards $1.

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XRP has flipped $0.65 to support, but the path to $1 is still challenging

XRP attempted to break the key $0.65 resistance on Friday, with the price consolidating above this level since then. The question is whether $0.65 can be tested and confirmed as support for XRP to continue moving higher.

  • Major support levels: $0.65, $0.58
  • Major resistances: $0.70, $0.79

So far, XRP has had a green weekend and held above $0.65, which has now flipped into support.

XRP has flipped

There appears to be a pause in momentum, indicating some hesitation in the price action. The next challenge for XRP is to break the key resistance at $0.70, which should pave the way for a retry of $1.

XRP has flipped 065 to support but the path to

Source: TradingView

Technical indicators

Trading Volume: Volume is down on Fridays and Saturdays and volume on Sundays is quite low.

RSI: The daily RSI has made a higher high, so a pullback is likely. This will retest the key $0.65 support before moving higher.

MACD: The daily MACD is still bullish and has enough momentum behind it even considering Sunday’s low volume. The chart continues to make higher highs than the uptrend.

1644196530 702 XRP has flipped 065 to support but the path to

Source: TradingView

The current XRP trend is bullish. However, the $0.7 resistance does not leave much room for price action without a pullback or consolidation.

Better keep a close eye on today’s price action to gauge XRP’s next move.

Short term prediction for XRP

XRP turned bullish over the weekend while holding a key support level. If the momentum holds, a break above $0.7 is likely. However, a break of $0.7 is quite challenging as sellers are likely to battle resistance before letting XRP surge higher towards $1.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

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