š According to AMBCrypto: $XRP Price Prediction
The OBV has trended higher and made higher lows since September 2023. But in April, this series of higher lows was broken. This suggested that a higher timeframe OBV downtrend could be looming.
The highlighted support level could be key in determining if the bulls could drive a recovery or not.
The RSI on the daily chart has been below neutral 50 since mid-April, signaling a strong bearish price downtrend. Hence, the technical indicators support the idea of further losses.
The price action was not as decisive. While the past six weeksā price trend was bearish, the $0.45 range lows could see a positive reaction.
The $0.45 and the $0.57 mid-range resistance are the levels within which XRP would likely consolidate in the coming weeks.
The liquidation heatmap showed two key clusters of liquidity. The southward one was at $0.45-$0.47 and was much closer to current market prices.
The $0.575 region is also a magnetic zone and has a sizeable concentration of liquidation levels.
XRP likely revisits the $0.45 level due to the liquidity present there before climbing back toward $0.575. Hence, the XRP price prediction is a move to $0.45 before a bullish reversal to $0.575.
