Ripple (XRP) price prediction for this week

XRP seems to have found support around 50 cents. Can buyers raise the price this week?

Key support levels: $0.50

Key resistance levels: $0.54, $0.68

1. Price Find Support

After a sharp decline last week, the bulls seem to be making a comeback. XRP opened this Monday in the green and is looking to return to an uptrend. As long as the key support at 50 cents holds, buyers have a good chance to go back on the offensive.

TradingView Chart 2. Sellers are retreating

In early October, selling volume picked up, but sentiment across the market is now improving, which could see momentum swing back in favor of touches. If so, buyers can try to get XRP back above 60 cents. However, once there, the sellers could return, like at the end of September.

TradingView Chart 3. Momentum MACD Change

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

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