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.

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.

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.

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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