Momentum

Resistance

<p style="text-align: left;">XRP’s volatility decreased this week, and the price has been moving sideways.</p>
<p><strong>Key Support levels: $0.54</strong></p>
<p><strong>Key Resistance levels: $0.60, $0.68</strong></p>
<h2 id="1-price-consolidates">1. Price Consolidates</h2>
<p>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.</p>
<figure id="attachment_362351" aria-describedby="caption-attachment-362351" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/09/XRPUSDT_2024-09-25_16-12-10.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a>
 <figcaption id="caption-attachment-362351" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure>
<h2 id="2-momentum-is-flat">2. Momentum is Flat</h2>
<p>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.</p>
<p>Despite this, the daily MACD is on the positive side, which favors buyers.</p>
<figure id="attachment_362350" aria-describedby="caption-attachment-362350" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/09/XRPUSDT_2024-09-25_16-12-27.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-362350" src="https://cryptopotato.com/wp-content/uploads/2024/09/XRPUSDT_2024-09-25_16-12-27.png" alt="XRPUSDT_2024-09-25_16-12-27" width="2437" height="1190" srcset="https://cryptopotato.com/wp-content/uploads/2024/09/XRPUSDT_2024-09-25_16-12-27.png 2437w, https://cryptopotato.com/wp-content/uploads/2024/09/XRPUSDT_2024-09-25_16-12-27-300x146.png 300w, https://cryptopotato.com/wp-content/uploads/2024/09/XRPUSDT_2024-09-25_16-12-27-1024x500.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/09/XRPUSDT_2024-09-25_16-12-27-768x375.png 768w, https://cryptopotato.com/wp-content/uploads/2024/09/XRPUSDT_2024-09-25_16-12-27-1536x750.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/09/XRPUSDT_2024-09-25_16-12-27-2048x1000.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/09/XRPUSDT_2024-09-25_16-12-27-50x24.png 50w" sizes="(max-width: 2437px) 100vw, 2437px"></a>
 <figcaption id="caption-attachment-362350" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure>
<h2 id="3-volume-is-declining">3. Volume is Declining</h2>
<p>The lack of volatility has pushed market participants away from XRP.</p>
<p>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.</p>
<figure id="attachment_362349" aria-describedby="caption-attachment-362349" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/09/XRPUSDT_2024-09-25_16-13-05.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-362349" src="https://cryptopotato.com/wp-content/uploads/2024/09/XRPUSDT_2024-09-25_16-13-05.png" alt="XRPUSDT_2024-09-25_16-13-05" width="2437" height="1190" srcset="https://cryptopotato.com/wp-content/uploads/2024/09/XRPUSDT_2024-09-25_16-13-05.png 2437w, https://cryptopotato.com/wp-content/uploads/2024/09/XRPUSDT_2024-09-25_16-13-05-300x146.png 300w, https://cryptopotato.com/wp-content/uploads/2024/09/XRPUSDT_2024-09-25_16-13-05-1024x500.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/09/XRPUSDT_2024-09-25_16-13-05-768x375.png 768w, https://cryptopotato.com/wp-content/uploads/2024/09/XRPUSDT_2024-09-25_16-13-05-1536x750.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/09/XRPUSDT_2024-09-25_16-13-05-2048x1000.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/09/XRPUSDT_2024-09-25_16-13-05-50x24.png 50w" sizes="(max-width: 2437px) 100vw, 2437px"></a>
 <figcaption id="caption-attachment-362349" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure>
<p>The post <a href="https://cryptopotato.com/ripple-xrp-price-prediction-and-outlook-for-this-week-2/" rel="noopener noreferrer nofollow">Ripple (XRP) Price Prediction and Outlook for This Week</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Ripple (XRP) Price Prediction and Outlook for This Week

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