Ripple's price has taken a nosedive, dropping over 7% this past week. So, what's next for XRP?
XRP was riding high last weekend, but it couldn't dodge the recent market correction.
Key Support Levels: $0.54
Key Resistance Levels: $0.68
After hovering around 66 cents for a short while, XRP's price made a sharp U-turn, wiping out most of its late September gains. It's like the market hit the brakes hard! Buyers couldn't keep up as the bearish sentiment took over this week.
With this dip, the excitement from just a few days ago has fizzled out. Buy volume plummeted, and with it, the dreams of soaring prices. The major hurdle remains at 68 cents, and the key safety net is at 54 cents. Fingers crossed, XRP can climb back above 60 cents soon.
The daily MACD isn't painting a pretty picture either. The moving averages are on the verge of a bearish crossover, and the histogram has been hitting lower highs for the past four days, swinging the momentum in favor of sellers.
So, buckle up and keep an eye on those charts!
