Ripple (XRP) rebounds to $0.68 in the coming days possible, but under conditions

XRP had a good week and was up 6% at the time of this post. This brings back optimism for higher levels.

Key support levels: $0.54

Key resistance levels: $0.68

1. The bulls are back

Buyers dominated the chart this week and the price quickly showed it. If this momentum continues, the current target and resistance is at 68 cents. With support at 54 cents confirmed last week, buyers have a clear path ahead.

TradingView chart 2. Momentum turns bullish

Momentum indicators for the weekly period give a clear bullish bias. The RSI is making higher lows and the MACD histogram is making higher highs. Along with increased buying volume, XRP has a good chance of reaching 68 cents in the future.

TradingView chart 3. Buying volume has increased

Looking more closely at volume, we can see that buyers are making higher highs and have dominated the chart since July. This is a very positive sign that shows they are in control of the price action at the moment. Hopefully they can break the current resistance to push XRP to a sustained rally.

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