Ripple (XRP) Price Prediction for This Week

XRP’s price action turned bullish this week.

Key Support levels: $0.54

Key Resistance levels: $0.68, $0.93

1. Key Resistance Under Pressure

Ever since Bitcoin moved above $74К, the altcoin market has started to rally in double digits. XRP is no different and registered a 14% increase in the past seven days. This pushed the price right under the key resistance at 68 cents which may fall at any moment.

XRPUSDT_2024-11-12_16-13-34 — Chart by TradingView

2. Buyers are Back, but Volume Lags

Even if buyers dominate right now, the volume has failed to make a higher high. A clear breakout above the current resistance may bring more attention to XRP, which will aim for 93 cents as the next major target.

XRPUSDT_2024-11-12_16-14-51 — Chart by TradingView

3. MACD Turns Bullish

The momentum indicators, such as the weekly MACD, give a clear bullish bias. After some weeks of relatively low volatility, this could be the start of a major rally for XRP. Once the current resistance is broken, buyers will have a clear path towards $1.