Ripple (XRP) Price Outlook: Bulls Attempt to Control $0.6, Here’s the Next Target
The XRP rally resumed this week, and buyers continue to dominate.
Key Support levels: $0.54
Key Resistance levels: $0.68
1. Buyers Return
XRP bounced from the 54 cents support after buyers rushed in. The price increased by over 10% since that level was tested. As long as they defend it, the bias remains bullish.
2. Volume Decreases
Since XRP made a local high at almost 64 cents, the volume has been falling. While this is not a concern now, it can become one if this continues. Sellers can take advantage of any weakness and push against the key support again. A second test of this key level could be interpreted as bearish.
3. Weekly MACD Remains Strong
Despite the volatility on lower timeframes, the weekly MACD provides a clear, bullish picture with higher highs on the histogram. As long as this continues, XRP can aim for new highs and even challenge the resistance at 68 cents.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Corporate Crypto Eye $330B—Analysts Say Qubetics, Ethereum, and Injective Are Top Cryptos to Buy This Month
With $330B in corporate crypto demand forecasted, Qubetics, Ethereum, and Injective are standing out. Learn why analysts see Qubetics' $16.7M presale as a top crypto presale and how its cross-border utility redefines real-world blockchain adoption.Cross-Border Simplicity: How Qubetics Is Quietly Disrupting Global TransactionsEthereum Approaches Spectra Upgrade Amid Signs of Imminent VolatilityInjective Gathers Steam with Technical Surge and Bullish OutlookConclusion—And These Are the Top Cryptos to Buy Thi
Is This the Perfect Dip? BTFD’s $0.0002 Entry Eyes 8,900% ROI as Cheems Slips, Sudeng Climbs—Best New Meme Coins for Significant Returns
Explore the best new meme coins for significant returns as BTFD eyes 8,900% ROI, Cheems slips, and Sudeng climbs. Find out what’s next for these trending tokens.BTFD Coin’s Referral Program Fuels Bullish FrenzySudeng Climbs Amid Renewed BuzzThe Bottom Line
OBOLUSDT now launched for futures trading and trading bots
Tron Inches Closer to Overtaking Ethereum in Tether Dominance as $1B USDT is Minted
The competition between Ethereum and Tron for dominance in the stablecoin market is intensifying again. According to Arkham Intelligence, Tether, the world’s largest stablecoin issuer, minted an additional $1 billion USDT on the Tron network on May 5.
Trending news
MoreCrypto prices
More
