XRP’s price action continues to show indecision.
Key Support levels: $0.48, $0.52
Key Resistance levels: $0.60, $0.68
So far in October, XRP was unable to make new highs. This has kept the price close to the key support at 52 cents which is currently being disputed. If sellers are successful here, then the cryptocurrency could fall to 48 cents next.
Chart by TradingView
Even if buyers show weakness, they still manage to hold XRP above 50 cents. Nevertheless, time is running against them as sellers continue to put pressure. Eventually, the key support may fall if the buy volume does not return.
Chart by TradingView
XRP’s volume has been declining since March, with clear lower highs. Until this trend reverses, buyers are fighting an uphill battle. If nothing changes, a drop to lower support levels is likely. Watch 48 cents as the next key level.
Chart by TradingView
The post Ripple (XRP) Price Prediction for This Week appeared first on CryptoPotato.
Key Support levels: $0.48, $0.52
Key Resistance levels: $0.60, $0.68
1. Key Support Under Pressure
So far in October, XRP was unable to make new highs. This has kept the price close to the key support at 52 cents which is currently being disputed. If sellers are successful here, then the cryptocurrency could fall to 48 cents next.
Chart by TradingView
2. Buyers Struggle to Maintain Control
Even if buyers show weakness, they still manage to hold XRP above 50 cents. Nevertheless, time is running against them as sellers continue to put pressure. Eventually, the key support may fall if the buy volume does not return.
Chart by TradingView
3. Volume in Decline
XRP’s volume has been declining since March, with clear lower highs. Until this trend reverses, buyers are fighting an uphill battle. If nothing changes, a drop to lower support levels is likely. Watch 48 cents as the next key level.
Chart by TradingView
The post Ripple (XRP) Price Prediction for This Week appeared first on CryptoPotato.
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