Ripple (XRP) Price Predictions for This Week
XRP is preparing to run higher.
Key Support levels: $2
Key Resistance levels: $2.3, $2.6, $3
1. Buyers Are Eager
A look at the chart shows that the resistance at $2.3 has been tested several times in the past few weeks. While sellers managed to hold back a breakout, this appears imminent if buyers continue the pressure. Once $2.3 turns into a support, then XRP has a good shot to revisit $2.6.
2. Momentum Turning Bullish
Another sign that bulls are having the upper hand right now can be seen on the momentum indicators. The daily MACD and RSI are curving up with clear higher lows. If XRP moves beyond $2.3, then higher highs are likely. While this is promising, buyers need to break $2.3 to confirm this bias.
3. MACD Bullish Cross
The daily MACD did a bullish cross today. This is a clear indication that this cryptocurrency wants to go higher. If momentum starts to pick up in the days to come, this can turn into a sustained rally that can challenge the $2.6 resistance or even $3 if sellers don’t return in force to stop it.
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
