3 things to watch for Ripple (XRP) price this week

Buyers disappeared this week and the price quickly showed it.

Key support levels: $0.54

Key resistance levels: $0.68

1. Refund of the support price

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 about to close the last seven days with a loss of 4%.

TradingView Chart 2. Flat Trend Resumes

Since the beginning of September, buyers have not been able to push the price higher and volatility is low. This has pushed this cryptocurrency into a flat trend.

Momentum indicators are also moving sideways and do not give any clear indication of where XRP may go.

TradingView chart 3. Volume crashed

Since mid-August, XRP volume has been making lower lows, showing that market participants have lost interest. This also explains why the price could not move much last week.

If nothing changes, the sellers have the upper hand and could soon put more pressure on key support.

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!