This Week’s Ripple (XRP) Price Forecasts

XRP has been increasing steadily after establishing $2 as a solid support level.

Major Support levels: $2, $1.6

Major Resistance levels: $2.6, $3

1. Renewed Buyer Activity

After reinforcing the critical $2 support, XRP is well-positioned to aim for the next significant target at $2.6. Should the price successfully breach this resistance, a move toward $3 becomes probable as buyers are likely to take advantage of the prevailing upward trend.

2. Significant Resistance at $3

If bulls reach $3, they will encounter strong resistance at this level, which has previously rebuffed attempts to break higher. Sellers have consistently returned to challenge any efforts by XRP to surpass this point. For buyers to advance further in the future, it is essential that $3 transforms into a support level.

3. Bullish MACD Indicator

The momentum for buying is swiftly increasing, marked by a clear bullish cross on the 3-day MACD indicator. This development signals a significant shift after a protracted downturn in the MACD moving averages since late January. This crossover could signify the beginning of a sustained rally in the forthcoming days and weeks.