Rally

bullish

Momentum

Resistance

<p style="text-align: left;">XRP had a good week and increased by 6% at the time of this post. This brings back optimism for higher levels.</p>
<p><strong>Key Support levels: $0.54</strong></p>
<p><strong>Key Resistance levels: $0.68</strong></p>
<h2 id="1-bulls-are-back">1. Bulls are Back</h2>
<p>Buyers dominated the chart this week and the price quickly showed it. If this momentum continues, then the current target and resistance is found at 68 cents. With the support at 54 cents confirmed last week, buyers have a clear way ahead.</p>
<figure id="attachment_355352" aria-describedby="caption-attachment-355352" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-22_15-57-36.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a>
 <figcaption id="caption-attachment-355352" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure>
<h2 id="2-momentum-shifts-bullish">2. Momentum Shifts Bullish</h2>
<p>The momentum indicators on the weekly timeframe give a clear bullish bias. The RSI is making higher lows and the MACD histogram is making higher highs. Together with increasing buy volume, XRP has a good shot at reaching 68 cents in the future.</p>
<figure id="attachment_355351" aria-describedby="caption-attachment-355351" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-22_15-59-07.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-355351" src="https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-22_15-59-07.png" alt="XRPUSDT_2024-08-22_15-59-07" width="2438" height="1188" srcset="https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-22_15-59-07.png 2438w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-22_15-59-07-300x146.png 300w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-22_15-59-07-1024x499.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-22_15-59-07-768x374.png 768w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-22_15-59-07-1536x748.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-22_15-59-07-2048x998.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-22_15-59-07-50x24.png 50w" sizes="(max-width: 2438px) 100vw, 2438px"></a>
 <figcaption id="caption-attachment-355351" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure>
<h2 id="3-buy-volume-is-up">3. Buy Volume is Up</h2>
<p>If we take a closer look at the volume, we can see that buyers are making higher highs and have dominated the chart since July. This is a very positive sign that shows they have control of the price action at this time. Hopefully they can break the current resistance to push XRP into a sustained rally.</p>
<figure id="attachment_355350" aria-describedby="caption-attachment-355350" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-22_15-59-45.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-355350" src="https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-22_15-59-45.png" alt="XRPUSDT_2024-08-22_15-59-45" width="2439" height="1190" srcset="https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-22_15-59-45.png 2439w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-22_15-59-45-300x146.png 300w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-22_15-59-45-1024x500.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-22_15-59-45-768x375.png 768w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-22_15-59-45-1536x749.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-22_15-59-45-2048x999.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-22_15-59-45-50x24.png 50w" sizes="(max-width: 2439px) 100vw, 2439px"></a>
 <figcaption id="caption-attachment-355350" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure>
<p>The post <a href="https://cryptopotato.com/ripple-xrp-rally-to-0-68-in-the-coming-days-possible-but-under-conditions/" rel="noopener noreferrer nofollow">Ripple (XRP) Rally to $0.68 in the Coming Days Possible But Under Conditions</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Ripple (XRP) Rally to $0.68 in the Coming Days Possible But Under Conditions

Table of Contents

CryptoPotato_News

Other articles published on Aug 22, 2024

Whales Dive In MoonBag, the Top Crypto Presale to Buy with 0% Tax As SHIB, PENDLE Rally

Launch a Network with Restaked Security in Minutes: Tanssi and Symbiotic Set New Ethereum Standard

Solana Memecoin Trump’s Pussy to Surge 17,000% Before Exchange Listing, While Dogecoin and SHIB Lag

Solana Could Be in Trouble as $340 Million SOL Unlock Looms on the Horizon

Floki Becomes Official Partner of Nottingham Forest for Premier League 2024/2025 Season

Cardano (ADA) Reclaims Top 10 Placement Ahead of Chang Hard Fork

Join our free newsletter for daily crypto updates!