XRP returns above $1.4, but can it hold there?
Key support levels: $1.4, $1
Key resistance levels: $1.6
After the massive drop last Thursday, XRP recovered somewhat and returned above the support at $1.4. If this key level holds, buyers could retest the $1.6 resistance level in the future. Any failure there could see the price resume its downtrend.
A review of the volume shows that sellers have been dominating since late December on the weekly chart. Worst, the selling volume has accelerated in early February, showing no signs of a change. However, increased sales volume could be the first step towards finding a bottom.
During the crash last week, the daily RSI reached 17 points, falling deep into the oversold area. Since then, this indicator snapped back above 30. As long as the daily RSI is under 50, the bias leans bearish.
The post Ripple (XRP) Price Predictions for This Week appeared first on CryptoPotato.
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