Ripple (XRP) Price Outlook for This Week: 3 Things to Watch


Despite a market-wide correction, XRP is holding strong.

Key Support levels: $0.43

Key Resistance levels: $0.54

1. Flat Trend Continues

XRP did not make new lows this week and manage to hold steady around 48 cents. While most of the market is in red today, XRP managed to keep its price. This is a show of strength.

XRPUSDT_2024-07-03_19-26-23
Chart by TradingView

2. Key Resistance Next?

The price action gives signs it wants to push XRP higher and challenge the key resistance at 54 cents. This level is a 10% price increase from current levels and seems achievable if sentiment continues to improve around this cryptocurrency.

XRPUSDT_2024-07-03_19-28-33
Chart by TradingView

3. Bullish Cross on Daily

The bullish cross on the daily MACD from last Sunday may explain why XRP is holding better than other altcoins right now. Since then, buyers appeared to have the upper hand, but they are being challenged right now. If they hold steady here, XRP could move higher later.

XRPUSDT_2024-07-03_19-27-08
Chart by TradingView
SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!

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.

Cryptocurrency charts by TradingView.



Source link

About The Author

Scroll to Top