Why is Ripple (XRP) price going up today?

Despite an uneventful weekend, XRP started Monday in the green.

Key support levels: $0.54

Key resistance levels: $0.68

1. Support for price search

After a rollercoaster of volatility, the price of XRP finally found good support at 54 cents and it seems that buyers are once again interested in pushing this cryptocurrency higher. If successful, the current target and resistance is at 68 cents.

TradingView Chart 2. Return of Buyers

If buyers weren’t absent over the weekend, they seem to be back today with a 4% price increase from key support. If this buying volume continues, sentiment could soon turn bullish to see XRP attempt a sustained rally.

TradingView Chart 3. Weekly MACD remains bullish

Even if the last few weeks were extremely volatile, the weekly MACD histogram made a higher high today, giving hope for a sustained rally in the coming days and weeks. If confirmed, the current resistance at 68 cents will likely come under pressure soon.

TradingView Chart SPECIAL OFFER (Sponsored) Binance Free $600 (Excludes CryptoPotato): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

2024 LIMITED OFFER on BYDFi Exchange – Up to $2888 Welcome Reward, Use this link to register and open a 100 USDT-M position for free!