Key Support level: $0.70, $0.58
Key Resistance levels: $0.85
XRP’s price appears to have broken away from the downtrend that started in February and with a bit more volume, it could challenge the resistance at $0.85. The support at $0.70 managed to stop sellers and buyers appear in control of the price action at the time of this post.
![XRPUSDT_2022-03-09_13-28-20](https://wordpress-1016567-4521551.cloudwaysapps.com/wp-content/uploads/2022/03/ripple-price-analysis-is-0-85-inbound-for-xrp-following-todays-4-jump.png)
Technical Indicators
Trading Volume: The volume is low, but this can quickly change if bullish momentum grows.
RSI: The daily RSI has moved above 50 points and could make a higher high if buyers continue to support this price action.
MACD: The daily MACD is bearish, but this could change in the next few days as a bullish crossover looms.
![XRPUSDT_2022-03-09_13-28-05](https://wordpress-1016567-4521551.cloudwaysapps.com/wp-content/uploads/2022/03/ripple-price-analysis-is-0-85-inbound-for-xrp-following-todays-4-jump-1.png)
Bias
The current bias is neutral. XRP has to break away from the current range to change this.
Short-Term Prediction for XRP Price
The indicators, as well as the price action, suggest that XRP may be preparing for a sustained rally after quite a significant correction that saw the price fall from 90 cents to 70 cents. If this is confirmed, then the biggest challenge for XRP is to break above the $0.85 key resistance level.