Ripple (XRP) Price Predictions for This Week

XRP experienced a pullback in the past week. How far will sellers take it? XRP Price Predictions to Watch This Week Key Support levels: $2.3, $2 Key Resistance levels: $2.6, $3 1. Pullback in Progress After buyers failed to turn $2.6 into support, sellers took over the price action and pushed XRP into a correction that drove it south by 9% since this time last week. This has taken the price to the $2.3 support, which appears to hold at the time of this post. If selling intensifies, then the next key support level is found at $2. Chart by TradingView 2. Momentum Shifts Bearish The recent reversal has turned the momentum indicators bearish. This can also be seen on the daily volume, which shows multiple days in the past week closing in red. Buyers appear absent, which has encouraged selling that can extend this pullback. Chart by TradingView 3. MACD Bearish Cross Three days ago, the daily MACD made a bearish cross. This is a significant change in the momentum and will likely keep XRP bearish in the short to medium term. If so, the support at $2.3 could fall and see the price revisit, or at least approach, $2 again. Chart by TradingView The post Ripple (XRP) Price Predictions for This Week appeared first on CryptoPotato .

Source: Crypto Potato