Resistance

<p style="text-align: left;">Buyers vanished this week and the price quickly showed it.</p> 
<p><strong>Key Support levels: $0.54</strong></p> 
<p><strong>Key Resistance levels: $0.68</strong></p> 
<h2 id="1-price-back-on-support">1. Price Back on Support</h2> 
<p>In late August, XRP tried to make a higher high, but was stopped by sellers. This turned the chart bearish, and the price quickly fell to the key support at 54 cents. The cryptocurrency is also on the verge of closing the past seven days with a 4% loss.</p> 
<figure id="attachment_358169" aria-describedby="caption-attachment-358169" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-09-05_14-37-40.png" data-wpel-link="internal"></a>
 <figcaption id="caption-attachment-358169" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure> 
<h2 id="2-flat-trend-resumes">2. Flat Trend Resumes</h2> 
<p>Since the start of September, buyers have been unable to move the price higher, and volatility is low. This has pushed this cryptocurrency into a flat trend.</p> 
<p>The momentum indicators are also moving sideways and are not giving any clear hints on where XRP may go next.</p> 
<figure id="attachment_358168" aria-describedby="caption-attachment-358168" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-09-05_14-37-51.png" data-wpel-link="internal"><img class="size-full wp-image-358168" src="https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-09-05_14-37-51.png" alt="XRPUSDT_2024-09-05_14-37-51" width="2437" height="1188" srcset="https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-09-05_14-37-51.png 2437w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-09-05_14-37-51-300x146.png 300w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-09-05_14-37-51-1024x499.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-09-05_14-37-51-768x374.png 768w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-09-05_14-37-51-1536x749.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-09-05_14-37-51-2048x998.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-09-05_14-37-51-50x24.png 50w" sizes="(max-width: 2437px) 100vw, 2437px"></a>
 <figcaption id="caption-attachment-358168" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure> 
<h2 id="3-volume-crashed">3. Volume Crashed</h2> 
<p>Since mid-August, XRP’s volume has been making lower lows, which shows that market participants have lost interest. This also explains why the price was unable to move much in the past week.</p> 
<p>If nothing changes, sellers have the advantage, and they could soon put more pressure on the key support.</p> 
<figure id="attachment_358167" aria-describedby="caption-attachment-358167" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-09-05_14-38-25.png" data-wpel-link="internal"><img class="size-full wp-image-358167" src="https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-09-05_14-38-25.png" alt="XRPUSDT_2024-09-05_14-38-25" width="2437" height="1190" srcset="https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-09-05_14-38-25.png 2437w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-09-05_14-38-25-300x146.png 300w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-09-05_14-38-25-1024x500.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-09-05_14-38-25-768x375.png 768w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-09-05_14-38-25-1536x750.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-09-05_14-38-25-2048x1000.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-09-05_14-38-25-50x24.png 50w" sizes="(max-width: 2437px) 100vw, 2437px"></a>
 <figcaption id="caption-attachment-358167" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure> 
<p>The post <a href="https://cryptopotato.com/3-things-to-watch-for-ripple-xrp-price-this-week/" rel="nofollow">3 Things to Watch for Ripple (XRP) Price This Week</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.</p>

3 Things to Watch for Ripple (XRP) Price This Week

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