Ripple Price Analysis: Following the Crash to $0.6, is XRP’s Correction Over?
2 min read
Key Support levels: $0.75, $0.70
Key Resistance level: $0.89
Ever since XRP was rejected by the $1 resistance, the price went through a continuous decline which was exacerbated by the market crash on Saturday. The assistance at $0.89 was become resistance throughout the crash, and the next essential assistance level is found at $0.75.
In spite of this unpleasant downtrend, XRP’s cost action appears to indicate that the bulk of this correction might approach completion. Particularly since the downwards momentum is losing strength, and each subsequent red everyday candle after the crash was smaller. Today’s candle light, even if red, could be analyzed as a bullish hammer, which is a turnaround signal.

For thisreason, this downtrend may pertain to an end soon. MACD: The MACD continues to be bearish, and both the histogram and moving averages made a lower low. It’s important to be client as XRP needs more time to begin a turnaround, and probably a bullish divergence on the RSI and MACD histogram will be needed before this materializes.

Chart by TradingView Bias
The current XRP bias is bearish. The signs remain unfavorable, but there are some hints that this crash may concern an end.
Short-Term Prediction for XRP Price
The bulls suffered defeat after defeat this previous week and were not able to stop XRP from falling listed below multiple assistance levels. However, the present support at $0.75 and $0.70 may stop this downtrend and offer bulls wish for a reversal.