Ripple (XRP) price prediction for this week

XRP appears to have found support around 50 cents. Can buyers push the price higher this week?

Key Support Levels: $0.50

Key Resistance Levels: $0.54, $0.68

1st prize finds support

After a sharp decline last week, the bulls appear to have returned. XRP opened in the green this Monday and is eager to return to an uptrend. As long as the key support at 50 cents holds, buyers have a good chance of going on the offensive again.

2. Sellers withdraw

There was a spike in selling volumes in early October, but now sentiment across the market is improving, which could see the momentum shift back in favor of the bulls. If so, buyers can aim to push XRP back above 60 cents. However, once they were there, the sellers could return, around the end of September.

3. MACD momentum shift

After a rocky start this month, the daily MACD momentum is showing the first signs of reversal, with a histogram showing higher lows. If this trend continues, buyers could soon take over the price action and push XRP higher again.