to hold the support at $1.4, but sellers returned and pushed the price lower, which turned this level into a key resistance. Hopefully, buyers will show up soon to reverse this trend before it is too late. Source: TradingView Sellers Dominate Since the start of the year, XRP has closed 6 of 7 weekly candles in the red. That is extremely bearish and left no space for a relief rally. Considering how
Ripple (XRP) Price Predictions for This Week
Bearish
XRP
XRPShare:
XRP falls again under $1.4. When will the downtrend end? Ripple (XRP) Price Predictions: Analysis Key support levels: $1 Key resistance levels: $1.4 XRP’s Downtrend Continues XRP made a brief attempt to hold the support at $1.4, but sellers returned and pushed the price lower, which turned this level into a key resistance. Hopefully, buyers will show up soon to reverse this trend before it is too late. Source: TradingView Sellers Dominate Since the start of the year, XRP has closed 6 of 7 weekly candles in the red. That is extremely bearish and left no space for a relief rally. Considering how aggressive this selloff is, a future bounce will likely be just as significant and sharp. Source: TradingView Daily MACD is Bullish Even if the price action remains bearish, the MACD momentum indicator on the daily timeframe is bullish with a positive histogram. As long as this holds, XRP may be forming a complex reversal pattern that could see it attempt to move higher soon. Watch closely the level at $1.4. If reclaimed again, bulls may be returning. Source: TradingView The post Ripple (XRP) Price Predictions for This Week appeared first on CryptoPotato .