Ripple Price Analysis: XRP Fails to Climb Back Above $1 as Bears Intervene
Key Support levels: $0.89
Key Resistance level: $1
The bulls did not have enough strength to keep XRP above $1 despite a worthy attempt two days ago. Price only spent a day above $1 before losing this level. Since then, the cryptocurrency has been falling towards the support at $0.89, and $1 remains the key resistance.
This shows that bears continue to control the price action. Until bulls reclaim and hold prices above $1, XRP is unlikely to draw much attention from the market.
![](https://cryptopotato.com/wp-content/uploads/2021/12/XRPUSDT_2021-12-02_15-54-59.png)
Technical Indicators
Trading Volume: The daily volume continues to decrease. This is not particularly good for bulls but also shows bears lack the conviction to push the price much lower.
RSI: The daily RSI is curving back down after the failed attempt to stay above $1. This is bearish and indicates price may retest the support level before a new rally is attempted.
MACD: The MACD continues to be bearish. It is best to wait for a bullish cross on the MACD moving averages before any sustained uptrend in price.
![](https://cryptopotato.com/wp-content/uploads/2021/12/XRPUSDT_2021-12-02_15-55-35.png)
Bias
The current XRP bias is bearish. The indicators continue to stay bearish, and the most recent failure to hold price above $1 does not give any confidence that XRP can rally at this time.
Short-Term Prediction for XRP Price
It seems likely for that price to fall back on the support level at $0.89 before it can gather enough strength to attempt another break above $1.