Crypto News | Ripple (XRP) Price Prediction and Outlook for This Week | USA Goldmines

XRP’s volatility decreased this week, and the price has been moving sideways.

Key Support levels: $0.54

Key Resistance levels: $0.60, $0.68

1. Price Consolidates

XRP is consolidating in a flat trend under 60 cents. So far, buyers failed to break this level and turn it into a key support. While momentum remains neutral, bulls could attempt to take this cryptocurrency higher in the days to come.

Chart by TradingView

2. Momentum is Flat

If we look at the MACD and RSI indicators, we can see that momentum has been flat since mid-September. The price also remained in a tight range with little volatility as it continued to move sideways.

Despite this, the daily MACD is on the positive side, which favors buyers.

Chart by TradingView

3. Volume is Declining

The lack of volatility has pushed market participants away from XRP.

Since the spike in August, the volume has been in constant decline. Due to this, the price failed to make any major moves, and until the 60 cents resistance is broken, buyers are unlikely to return.

Chart by TradingView

The post Ripple (XRP) Price Prediction and Outlook for This Week appeared first on CryptoPotato.

  Let’s have a look at the technical factors shaping up XRP’s price outlook for this week. Crypto Bits, Crypto News, XRPBTC, XRPUSD, Ripple (XRP) Price