Momentum

Resistance

<p style="text-align: left;">XRP seems to have found support around 50 cents. Can buyers push the price higher this week?</p>
<p><strong>Key Support levels: $0.50</strong></p>
<p><strong>Key Resistance levels: $0.54, $0.68</strong></p>
<h2 id="1-price-finds-support">1. Price Finds Support</h2>
<p>After a sharp fall last week, bulls appear to be back. XRP opened this Monday in green and is keen to return on an uptrend. As long as the key support at 50 cents holds, buyers have a good chance to return on the offensive.</p>
<figure id="attachment_364656" aria-describedby="caption-attachment-364656" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-07_16-38-24.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a>
 <figcaption id="caption-attachment-364656" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure>
<h2 id="2-sellers-are-retreating">2. Sellers are Retreating</h2>
<p>Early October saw a spike in sell volume, but now sentiment across the market is improving, which could see the momentum shift back into the bulls’ favor. If so, buyers can aim to take XRP back above 60 cents. However, once there, sellers could return, as in late September.</p>
<figure id="attachment_364655" aria-describedby="caption-attachment-364655" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-07_16-38-36.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-364655" src="https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-07_16-38-36.png" alt="XRPUSDT_2024-10-07_16-38-36" width="2437" height="1190" srcset="https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-07_16-38-36.png 2437w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-07_16-38-36-300x146.png 300w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-07_16-38-36-1024x500.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-07_16-38-36-768x375.png 768w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-07_16-38-36-1536x750.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-07_16-38-36-2048x1000.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-07_16-38-36-50x24.png 50w" sizes="(max-width: 2437px) 100vw, 2437px"></a>
 <figcaption id="caption-attachment-364655" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure>
<h2 id="3-macd-momentum-shifting">3. MACD Momentum Shifting</h2>
<p>After a difficult start this month, the momentum on the daily MACD is showing the first signs of a reversal, with a histogram making higher lows. If this trend continues, buyers could soon take over the price action and push XRP to break higher again.</p>
<figure id="attachment_364654" aria-describedby="caption-attachment-364654" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-07_16-39-30.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-364654" src="https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-07_16-39-30.png" alt="XRPUSDT_2024-10-07_16-39-30" width="2437" height="1190" srcset="https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-07_16-39-30.png 2437w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-07_16-39-30-300x146.png 300w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-07_16-39-30-1024x500.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-07_16-39-30-768x375.png 768w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-07_16-39-30-1536x750.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-07_16-39-30-2048x1000.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-07_16-39-30-50x24.png 50w" sizes="(max-width: 2437px) 100vw, 2437px"></a>
 <figcaption id="caption-attachment-364654" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure>
<p>The post <a href="https://cryptopotato.com/ripple-xrp-price-prediction-for-this-week/" rel="noopener noreferrer nofollow">Ripple (XRP) Price Prediction for This Week</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Ripple (XRP) Price Prediction for This Week

Table of Contents

CryptoPotato_News

Other articles published on Oct 7, 2024

BingX Exchange Hit by $26M Crypto Theft: Report

Marathon’s Anduro to Launch Bitcoin-Based Real-World Asset Tokenization Platform

Bitget Announces Full Compensation Plan Following Sudden $BGB Token Crash

Avalanche (AVAX) Price Prediction: AVAX Price Eyeing $35?

Crypto Scam: ZachXBT Aids Recovery of Stolen Funds In Coinbase-Linked Scam

Binance Demands Release of Executive Before Meeting Nigerian Crypto Regulations: Report

Join our free newsletter for daily crypto updates!