Key Support levels: $1.13; $1.06
Key Resistance level: $1.2; $1.4
As predicted in our last analysis, XRP rallied to $1.2 but was then quickly rejected by the bears and pushed lower to the support at $1.13. This shows that the bulls still do not have enough strength to sustain a rally. For now, the support level holds and may lead to another attempt from bulls to break above $1.2. If successful, this can push XRP higher towards $1.4.
Technical Indicators
Trading Volume: The rejection by the bears at the $1.2 resistance was sharp. However, the volume is currently fading. Therefore the bears are losing interest at these price levels, and bulls may take over once more.
RSI: Despite the sharp rejection by the bears, the RSI managed to create a higher high on the daily timeframe. This is bullish in the long term, and the current drop in the price may be a temporary pullback before bulls make a new attempt at breaking the key resistance.
MACD: On the daily timeframe, the MACD remains bullish, despite a falling histogram. A quick recovery from the bulls in the next few days can turn the tide back on the uptrend.
![img2_xrp](https://cryptopotato.com/wp-content/uploads/2021/11/img2_xrp-1.jpg)
Bias
The bias remains bullish on XRP as long as it manages to hold the price above $1. The current correction can be interpreted as a short pullback before the price can continue its uptrend.
Short-Term Prediction for XRP Price
Despite the rejection, the bulls did manage to make a higher high on price and RSI. This is indicative that the larger trend is bullish. In this context, buyers may attempt another break at $1.2 before going for the next resistance at $1.4. Unless the bears step up their efforts, it’s likely that we will continue seeing XRP above $1 in the coming days.