Ripple (XRP) price prediction and outlook for this week

XRP performed well this week and closed with a price increase of 11%.

Key support levels: $0.54

Key resistance levels: $0.68

1. The price goes up

After firmly securing the 54 cent level as support, XRP surged higher and almost reached 60 cents before a pullback followed. Buying momentum remains strong and could see the price move higher next week.

TradingView chart 2. Buyers rule

Last week, buying volume exceeded any selling pressure on five out of seven days. This resulted in a higher price and higher demand for this cryptocurrency. The current resistance around 60 cents will not be able to stop this buying pressure if it continues.

Chart by TradingView 3. Daily MACD Bullish Cross

XRP also made a bullish cross on Friday that reversed the momentum. Buyers are controlling price action at the moment and this pullback could be short-lived. If the 60 cents resistance falls, look for 68 cents as the next target for this rally.

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