Ripple (XRP) Weekly Price Prediction and Market Outlook

XRP showed strong performance this week, closing with an impressive 11% increase in its price.

Key Support levels: $0.54

Key Resistance levels: $0.68

1. Price Ascends

After confirming the 54 cents mark as a reliable support level, XRP surged upward, nearly hitting 60 cents before experiencing a pullback. Buying momentum remains robust and may lead to further price increases in the upcoming week.

2. Buyers Lead

Over the past week, buying volume surpassed selling pressure on five out of seven days. This resulted in a higher price and an increased appetite for this cryptocurrency. If buying momentum continues, the resistance around 60 cents is unlikely to hold.

3. Daily MACD Bullish Cross

XRP executed a bullish cross on Friday, which shifted the momentum positively. Buyers currently dominate the price action, indicating that this pullback might be brief. Should the 60 cents resistance be breached, the next target for this rally will be 68 cents.