The XRP rally is back on track this week, with buyers taking the lead once again.
Key Levels
Key Support: $0.54
Key Resistance: $0.68
Buyers Return
XRP found support at $0.54 and buyers stepped in, pushing the price up by over 10%. As long as this level holds, the bullish trend remains intact.
Volume Decreases
After reaching a high near $0.64, XRP’s trading volume has been decreasing. While not a major concern yet, a prolonged decrease could signal weakness and invite sellers to test the key support again.
Weekly MACD
Despite short-term volatility, the weekly MACD indicator remains strong, showing a bullish trend with higher highs on the histogram. This signals potential for XRP to reach new highs and challenge the resistance at $0.68.
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