XRP Sees Positive Momentum on Monday
Despite a quiet weekend, XRP kicked off Monday with a positive performance, showing signs of recovery.
Key Support and Resistance Levels
The critical support level for XRP stands at $0.54, while the key resistance is identified at $0.68.
Price Finds Support
After experiencing significant volatility, XRP’s price has successfully established support at 54 cents. This development has reignited interest among buyers, who are looking to push the cryptocurrency higher. If the upward momentum continues, the next target and resistance level will be at 68 cents.
Buyers Return to the Market
Following a weekend devoid of buyer activity, today has seen a resurgence in buying interest, with prices increasing by 4% from the key support level. Should this buying trend persist, market sentiment could shift back to a bullish stance, potentially setting the stage for a sustained rally for XRP.
Weekly MACD Indicates Bullish Potential
Although recent weeks have been marked by significant volatility, the weekly MACD histogram recorded a higher high today. This development raises hopes for a sustained price rally in the upcoming days and weeks. If this trend continues, the current resistance at 68 cents may soon face increased pressure.
